Ahmanson was already an innovator, so imagine his performance in a fully competitive market free of politically-crafted limitations.

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Whenever a competitive market is fully informed, prices go down and quality goes up.

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For it leads to the conclusion that the market is not fully competitive as it is: that the phone companies have pricing power.

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"With four integrated service providers, the market will become fully competitive, and customers will be able to enjoy high quality services at reasonable prices, " he said.

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Of course, if interest rates are to be market-determined, there must be fully competitive private capital markets, which would require privatizing state-owned banks and bringing shadow banking into the daylight not just in Wenzhou.

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As recently as last week, Ferguson suggested that he was fully involved in those future plans, promising the club would be "competitive" in the summer transfer market.

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