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There is no way to legislate competition; there are no standards by which one could define who should compete with whom, how many competitors should exist in any given field, what should their relative strengths or their so called “Relative Markets”, what prices they should charge, what methods of competition are “Fair” or “Unfair”. None of these can be answered, because they are precisely the questions that can be answered only by the mechanism of the free market.
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From a lecture given by Ayn Rand at the Ford Hall Forum. Boston. December 17th, 1961.