Competition

Just to clarify: there are explanations for why competition is beneficial, and there are counters to that as well. They look like this:

In an n firm industry where the output of the ith firm is qi, this assumption means that d qi/d qi = 0 Vi =/=j. As a result dQ/ dqi =1, and hence dP/dqi = dP/dQ: etc

The simple equations and discussion of them are contained in Steve Keen's paper here;

www.paecon.net/PAEReview/issue53/KeenStandish53.pdf

I am going on holiday for a week: that should give you plenty of time to read and understand the justification, and the counter argument: When I get back I expect to read a translation into english: thanks in advance