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Isn't competition that takes advantages of factors beyond the free market still competition? In practice, shouldn't the free market extend beyond the "market" itself, and into the state as well? Because all real-world capitalist economies are really mixed economies where the state still has an effect on the market. So aren't rational economic actors making use of every weapon at their disposal by lobbying, pursuing tax loopholes, patent trolling, etc?


Yes, it's called rent seeking.




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