"If you want to create and capture lasting value, look to build a monopoly, writes Peter Thiel" (VC, co-founter of PayPal)
"...So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand...The opposite of perfect competition is monopoly. Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits."
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