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Of course, I meant for example if this consumer thought Coke is a bad monopoly that should be broken that would be a little bit illogical to me, because there's
by ttoinou 8y ago
Of course, I meant for example if this consumer thought Coke is a bad monopoly that should be broken that would be a little bit illogical to me, because there's Pepsi and other soda.
Remember the great great parent just said that Opera is not a competitor to Chrome, which is really really an odd statement
- Faark 8y agoWhy have some people here such a hard time acknowledging that strong network effects can be one form of market failure? A network effect is a classical prisoners dilemma / tragedy of the commons / whatever it's called for everyone but the few involved making money... youtube and publishers. The "market" will have a hard time fixing itself. As with other market failures, it will probably only happen because of regulation, or the threat thereof.
- ttoinou 8y agoIt's not. There's no prisoners dilemma and tragedy of the commons have all to do with difficulties in setting property rights, not related to market failure