Oh man, another one that learned political slogans instead of Economics so thinks all markets are competitive.
Here’s a hint: due to humans not at all behaving like Homo Economicus (as long proven by Behavioural Economists) and most markets out there having tons of internal and external barriers to entry or trade (such a natural barriers to entry, in some cases to the point of creating natural monopolies) only some markets are trully competitive, almost all of which (except Food) being far from important for human life (they’re generally stuff like Teddy Bears or Soap).
Your “common sense knowledge” is the purest kind of ignorant parroting of deceitful political slogans and a perfect example of the Dunning-Krugger Effect in action.
Oh man, another one that learned political slogans instead of Economics so thinks all markets are competitive.
Here’s a hint: due to humans not at all behaving like Homo Economicus (as long proven by Behavioural Economists) and most markets out there having tons of internal and external barriers to entry or trade (such a natural barriers to entry, in some cases to the point of creating natural monopolies) only some markets are trully competitive, almost all of which (except Food) being far from important for human life (they’re generally stuff like Teddy Bears or Soap).
Your “common sense knowledge” is the purest kind of ignorant parroting of deceitful political slogans and a perfect example of the Dunning-Krugger Effect in action.