And does this mean that there will be no profit, just a recouping of what was spent in the first place? When I refer to profit I am thinking about ending up with more money at the end than you started out with.
>Is this a serious question?
Yes, and there is no need for your contempt. I was just wondering if there had ever existed ever a free market without regulation, or if it was merely an idea that is used in economic theory.
> In that regulation creates privilege, which is the
antithesis of a free market. Privilege, by eliminating
competition, drives price to utility.
Okat, what does "drives price to utility" mean. Answering questions about theoryspeak with more theoryspeak is not helpful.
Brian