4 ms·
I think this is a classic market failure due to network effects/monopoly; one of those cases that could be resolved(?) by looking at the earnings of the company
by snarfybarfy 8y ago
I think this is a classic market failure due to network effects/monopoly; one of those cases that could be resolved(?) by looking at the earnings of the company in question.
Are they making a loss. Break even. Small profit. Large profit?
If, after all the creative accounting, they still show a large profit then it certainly must be a monopoly.
Otherwise someone else would come in and offer the same service for less.