What are antitrust laws for, when competition is normal with businesses?
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You have a lemonade stand on your street and I have one on mine.
We could compete, which would force us to come up with better and cheaper recipes over time to try to be better than the other.
But that’s too much effort. We could team up, agree on the same high price that would benefit both of us.
What if a third guy wants to start a stand on his street as well? We could use the money that we gained from our artificially high prices to pay the mayor to come up with some law or regulation that we can easily comply with, but we know he can’t.
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