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When Steelers Steal

July 3, 2014 in Economics

By Mises Updates

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Mises Daily Thursday by Christopher Westley:

In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs and improving on economies of scale and scope. Meanwhile, protectionists and labor unions seek to avoid having to become more efficient by simply outlawing competition.

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Source: MISES INSTITUTE

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