E. C. Pasour, Jr. is professor emeritus of agricultural and resource economics at North Carolina State University. He is coauthor with Randal R. Rucker of Plowshares and Pork Barrels: The Political Economy of Agriculture (Independent Institute, 2005).
Monopoly advantages which persist over time are invariably due to governmental restrictions on entry by potential competitors. Instead, emphasis should be placed on improving the investment climate as a means of fostering entrepreneurship and small business activity.
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