3 ms·
This "raise prices after crushing competition" piece is something that practically never happens unless you manipulate governments to institute rules that prese
by sfifs 9y ago
This "raise prices after crushing competition" piece is something that practically never happens unless you manipulate governments to institute rules that preserve Monopoly. Even then as SpaceX & Uber showed, rent seeking gets punished by market.
If they raise prices significantly, someone else will come at a lower price with lower service quality (as already happens in Asia) and take a share of more price sensitive segment of the market.