Olson (1971)argues that the gains from private competition cannot be exceeded by the gains from collective action.

Question

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Olson argues that while private competition can lead to gains, there are certain collective goods that cannot be efficiently provided by the market and require collective action, such as public goods and the regulation of natural monopolies. Thus, the gains from collective action can exceed those from private competition in certain cases.

Olson (1971)argues That the Gains from Private Competition Cannot Be