> Bell is not an example of an entity in a free market. Bell obtained a > government-enforced monopoly through the patent system and government > regulations and licensing that (effectively) prevented other companies > from entering the market to compete against Bell. > > In some countries (like in Europe), there were laws in place that > mandated that only one specific company was allow to provide telephone > services.
It doesn't matter how a monopoly forms. You can use the same predictive models for pricing and aggregate output regardless. -- Rhett. http://www.weatherlight.com/greentime http://www.weatherlight.com/freetime
