Incorrect capitalism is an act that everyone engages in every single day. Regardless of you admit it or not.

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Correct. But that doesnt mean the previous statement isnt.

Capitalism is based on competition. The outcome of competition is complete monopoly.

Incorrect again. Pure unfettered competition means all peoples can compete. There very essence of competition means if any collude to create a monopoly means someone else can step and and create the arbitrate that said monopoly is creating. Therefore no monopoly COULD exist UNLESS they continually provided the excellence and quality of the service.