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Quote by Gordon Allport

Author

Gordon Allport
Gordon Allport

Psychologist and one of the founders of the American Psychological Association, known for his significant contributions to the fields of personality psychology and psychological measurement. more

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“The mere possession of monopoly power, and the concomitant charging of monopoly prices, is not only not unlawful, it is an important element of the free-market system. The opportunity to charge monopoly prices - at least for a short period - is what attracts 'business acumen' in the first place; it induces risk taking that produces innovation and economic growth.”