Google was created by a couple of grad students, a demographic not generally able to overcome hurdles of high fixed or startup costs. Attempting to slap the “n

Google was created by a couple of grad students, a demographic not generally able to overcome hurdles of high fixed or startup costs. Attempting to slap the “natural monopoly” label on Google shows that the term is either meaningless or just bunk economics. Either way, it’s a useful foil in the ham fists of interventionists with a bad solution in search of problems.