Do you think there would still be a black market in this circumstance?
Oh absolutely not, A monopoly is hugely inefficient and we only grant them out of reverence to either political pressure or in deference to intellectual property.
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How do you define “efficiency”? What business will operate without profit and hopes of increasing the market for their products?
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You've narrowly focused there but nonprofit ones? Most medical products? (don't see knee surgeons out there with baseball bats and a spinner sign) Even bars are not nearly as pushy as the pushers.
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