"Most big businesses are not monopolies and not all monopolies are big business. In the days before the automobile and the railroad, a general store in an isolated rural community could easily be the only store for miles around, and was as much of a monopoly as any corporation on the Fortune 500 list, even though the general store was usually an enterprise of very modest size. Conversely, today even multi-billion-dollar nationwide grocery chains like Safeway or Kroger have too many competitors to be able to set prices on the goods they sell the way a monopolist would set prices on those goods."
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Original Language: English
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Sources
Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 7. Big Business and Government
https://en.wikiquote.org/wiki/Big_business
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Big business
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