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Indeed, setting certain rules can unify a market and reduce transaction costs. Calling a city, negotiating for rights to use public property, etc. Setting caps
by csdreamer7 9y ago
Indeed, setting certain rules can unify a market and reduce transaction costs. Calling a city, negotiating for rights to use public property, etc.
Setting caps can also reduce a municipality desire to give a 'monopoly', an absolute monopoly where you can't get comparable service elsewhere, to one provider in exchange for generous royalty rates.