Dave wrote in
:

Problem with that analysis is that in a perfect market all competitors'
prices will be the same and at a price equal to the marginal cost of the
highest cost producer (counting as cost a minimum return on invested
capital). In a monopoly all competitors' prices will also be the same.



I'll play another round of this thinking.....

So, why do countries where this benevolent government bureaucracy that
controls prices pay $6/gallon when I'm paying $1.93/gallon in the "almost
free market" economy? If the socialism were on the side of the citizens,
they'd be paying below wholesale. NOT!

Of course, gas prices in socialist countries is what pays for the "free
medical service", which isn't free and grossly mismanaged to boot. The $6
is mostly socialist taxes...

--
Larry

You know you've had a rough night when you wake up and your outlined in
chalk.