Share this sentence
— Milton Friedman"The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world."
Discover more quotes
Previous Quote
While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth and seventh prizes in an international competition for college and high school students.
— Douglass North
Next Quote
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.
— Paul Samuelson
Loading recommended content...