"The monopolists, by keeping the market constantly understocked by never fully supplying the effectual demand, [and] sell their commodities much above the natural price... " -- Adam Smith

1:30 AM Β· Sep 23, 2021

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Replying to @StephenPunwasi
Dead weight loss
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Replying to @StephenPunwasi
Great business model…for then
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Replying to @StephenPunwasi
So, does that mean that whole "Invisible Hand" thingy was really all just a lie? 🧐
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As true as the word of God πŸ‘€
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Replying to @StephenPunwasi
The same applies to oligopolists. Aka. A big chunk of the TSX.
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Replying to @StephenPunwasi
...but if "WE" don't buy it... that works 2 ways... ...bs & commodities πŸ˜‰
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Replying to @StephenPunwasi
Monopolies are often assisted by govt regulations to keep competition at bay and thus charge higher than market prices... in Canada this MO is at work
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Replying to @StephenPunwasi
Uh oh. Did someone being up diamonds again?
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Replying to @StephenPunwasi
It appears the Canadian Cannabis industry skipped the first part of that reading, but not the second πŸ˜‚ globalnews.ca/news/8211917/a…
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Replying to @StephenPunwasi
States can be monopolists too. Adam Smith describes electricity prices in Saskatchewan where the government Crown owns the production and sale of electricity.
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