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In markets where incumbents collude on prices to achieve unreasonably high margins there are usually opportunities for new entrants to enter the market, lower p
by nugget 11y ago
In markets where incumbents collude on prices to achieve unreasonably high margins there are usually opportunities for new entrants to enter the market, lower prices, and rapidly capture market share. Government's job is to make sure that there are no artificially high barriers to entry. Sadly, when Government is corrupted it can collude with incumbents and increase barriers to entry to the detriment of consumers.
- Avshalom 11y agoYes, the question is absent a government, or at least given some theoretically perfectly business neutral government what are the barriers to entry for (in tfa) an infrastructure company or (in this thread) a modern hospital. I suspect that while compliance with various regulations do add barriers the "natural" barriers are already high enough to keep out sufficient competition to exert real downward pressure.