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However, in a competitive marketplace,
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survival of the fittest firms will lead to us
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ending up with a bunch firms who have low costs and high profits.
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That make sense?
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So here competition in the marketplace substitutes
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for competition in the jungle, as it were.
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The analog of a gene dying out is a firm going bankrupt.
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So this is the kind of ideas we're going to explore.
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These ideas are going to the background for today and Monday.
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Now before I go on,
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I want to put in a couple of kind of important riders.
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So there are two things that I am not.