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Because a competitor will come along and do so
by awad 10y ago
Because a competitor will come along and do so
- ethanbond 10y agoAnd yet here we are at the peak of wealth disparity because of exactly this happening. Relying on abstract economic theories about market efficiency is stupid when you're literally watching this happen all around us.
- falcolas 10y agoWhy, when they can collude (implicitly or explicitly) and keep the profits high for both of them? It's much more profitable to put someone out of business through methods other than competition.
- awad 10y agoGenerally speaking, monopolies are illegal for this very reason