In a free market Exxon would liekly be a far smaller company because it wouldn’t have its violent partner the Government regulating its competitors into bankruptcy and/or discouraging new competitors from entering the market in the first placeAlso, in a free market, it’s not true that every competitor strives after maximum profits. A truly free market means they can strive after whatever they want. I think you are confusing Neoclassical Economics with Austrian Economics
In a free market Exxon would liekly be a far smaller company because it wouldn’t have its violent partner the Government regulating its competitors into bankruptcy and/or discouraging new competitors from entering the market in the first placeAlso, in a free market, it’s not true that every competitor strives after maximum profits. A truly free market means they can strive after whatever they want. I think you are confusing Neoclassical Economics with Austrian Economics