other competitor so that it can charge a lower price than others and still be profitable. Since potential competitors are not able to be so efficient, they are not able to charge a lower or comparable price and still be profitable. Hence, competing against a non-coercive monopoly is possible but not profitable, whereas competing against a coercive monopoly is potentially profitable but not possible.

Establishing a coercive monopoly

According to business ethicist John Hasnas, "most [contemporary business ethicists] take for granted

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