Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
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Notes -
You could, but it's still a strong signal that will draw outsiders to the local market in order to capture the profits. And what coordination method do you use to ensure compliance amongst your cartel? All it takes is one defector to undercut the rest.
Don't have to. Just have to assume their failures are less frequent and less egregious than government failures, and are certainly corrected faster, since some government failures just never get solved.
You can convince me there's a specific market failure in certain conditions. You probably can't convince me that a governmental solution will actually work out better!
Have you noticed how Gas prices went up abruptly earlier this year?
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