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The free market is only efficient when - property rights exist, and are enforced - there are few barriers to entry - transaction costs are low My money's on
by fennecfoxen 10y ago
The free market is only efficient when
- property rights exist, and are enforced
- there are few barriers to entry
- transaction costs are low
My money's on transaction cost issues. BigCorp has teams of people dedicated to making customer acquisition more effective and efficient.