LINKTV Journal April 21, 2014
We like to think of our economy as one that runs on competition. For instance, we can choose the brand ofasoline we buy. One station sets its prices too high, thene can simply go across the stet one station for a lower price. O high, if enough drivers pass the highprice station by, sooner or later it goes out of business. Of course, if in order to attract business a station sets its prices too low and cant cover costs, sooner or later itll go out of business, too. But what happens to prices if one company, or one person, controls all the gas stations . That was what the country faced in 1890. ...
Source: archive.org