Monopoly

In the following 4 minute video Milton Friedman answers a question from the audience after a speech in 1978 at the Mayo Clinic in Minnesota:

https://youtu.be/tdLBzfFGFQU

Ron Paul published an essay on 10/31/16 with the title "Blame Government, Not Markets for Monopoly".

http://ronpaulinstitute.org/archives/featured-articles/2016/october/31/blame-government-not-markets-for-monopoly/

The conclusion to this article is as follows:

Any businesses that charge high prices or offer substandard products will soon face competition from businesses offering consumers lower prices and/or higher quality. Monopolies only exist when government tilts the playing field in favor of well-connected crony capitalists. Therefore those concerned about excessive corporate power should join supporters of the free market in repudiating the regulations, taxes, and subsides that benefit politically-powerful businesses.