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Not quite, the usual case was a local monopoly, due to network effect. As with railroads, in fact the large players had to be forced by government to allow inte
by Nomentatus 8y ago
Not quite, the usual case was a local monopoly, due to network effect. As with railroads, in fact the large players had to be forced by government to allow interoperation. Facebook is equally reluctant now.
- merpnderp 8y agoThe railroads were a great example of a interference in a market. In its early days it paid more to market to DC than to customers and might still today. I’m going from pure memory so correct if I’m wrong, but the only cross continental railroad that didn’t immediately go bust after finish was the only one not being paid by the mile by the government.
- Nomentatus 8y agoNot interference so much as immense corruption and cooperation re the subsidies per mile you refer to.