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Whoever's market leader gets to use monopoly pricing for their network effects until they hit the price point where there's competition from someone without the
by jbpetersen 11y ago
Whoever's market leader gets to use monopoly pricing for their network effects until they hit the price point where there's competition from someone without the same economy of scale. This holds only for largely homogeneous markets.
- nostromo 11y agoUber isn't pricing like a monopoly though. They keep lowering their prices. http://www.bloomberg.com/news/articles/2016-01-09/uber-drops-prices-in-80-cities-in-the-u-s-and-canada http://www.bloomberg.com/news/articles/2016-01-09/uber-drops...