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You're right. There are no markets in which a few dominant players capture significant profits because there are only a few dominant players who exploit barrier
by incongruity 9y ago
You're right. There are no markets in which a few dominant players capture significant profits because there are only a few dominant players who exploit barriers to entry or network effects to stay on top...
Except pharma, telecom, energy, airlines and one or two others...
- cortesoft 9y agoOther than pharma, you just mentioned 3 industries that have very low margins. They aren't making a ton of money on their monopolies.
- brianwawok 9y agoIndeed I think he proved my point. I am not sure who would like taxi industry to pharma?
- TheLongerCon 9y agoThe barriers to entry with ride sharing are absurdly lower than anything else on that list. The network effect is pretty weak, because it doesn't cost consumers/drive more time or energy to keep multiple apps on their phone.