...commodities are continually gravitating." Smith also contrasts a monopoly price with the natural price thus: The price of monopoly is upon every occasion the highest...on the contrary, is the lowest which can be taken, upon every occasion indeed, but for any considerable time altogether. The one is upon every occasion...

...raise their emoluments, whether they consist in wages or profit, greatly above their natural rate. The price of monopoly is upon every occasion the highest...upon every occasion, indeed, but for any considerable time together. The one is upon every occasion the highest which can be squeezed out of the buyers,...

...raise their emoluments. whether they consist in wages or profit, greatly above their natural rate. The price of monopoly is upon every occasion the highest...on the contrary, is the lowest which can be taken. The market price of any particular commodity, though it may continue long above, can seldom continue...

...industry, employed in a way in which we have some advantage."22 Monopolies in any form act to raise prices. "The price of monopoly is upon every occasion the...The natural price, or the price of free competition, is the lowest which can be taken."23 Workmen must be free to pursue their chosen skills to the limits...

...by never fully supplying the effectual demand, sell their commodities much above the natural price The price of monopoly is upon every occasion the highest which can be got' (1976/1776: 78). To operate effectively, the market requires consumer sovereignty: 'Consumption is...

...for most of the other citizens of the commonwealth the price of such monopolies is very high indeed. The price of monopoly is upon every occasion the highest...upon every occasion, indeed, but for any considerable time together. The one is upon every occasion the highest which can be squeezed out of the buyers,...

...which separates the two prices - for did he not write in The Wealth of Nations (1776 [1976] pp. 78-9): 'The price of monopoly is upon every occasion the...upon every occasion, indeed, but for any considerable time together'? - was more reticent. He underlined the drawbacks of the restrictions to and the regulations...

...structures and thus prices are the result of competition in that sense was first conjured by Adam Smith: "The price of monopoly is upon every occasion the...which can be got. The natural price, or the price from free competition, on the contrary, is the lowest which can be taken [...] for any considerable...

...but the lowest possible price. "The natural price, or the price of free competition," Smith wrote, "is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together. . . . [It] is the lowest which the sellers can commonly afford to take, and at the same...

...otherwise maintain prices at an anticompetitive level."8 To again look to the wisdom of Adam Smith, the "price of monopoly is upon every occasion the highest which can be got." Beyond resulting in rate increases for consumers, the XM, Sinus monopoly would also likely reduce program...