3 ms·
That is nonsense. There are plenty of natural monopolies [1], where competitors are free to enter the market but simple can't compete. E.g. if there are economi
by pg314 9y ago
That is nonsense. There are plenty of natural monopolies [1], where competitors are free to enter the market but simple can't compete. E.g. if there are economies of scale (e.g. Google search engine) or network effects (e.g. Facebook).
[1] https://en.wikipedia.org/wiki/Natural_monopoly https://en.wikipedia.org/wiki/Natural_monopoly