3 ms·
Behaviors like this seem to mostly come out of companies with only a few competitors, such as telecom companies and airlines. They know they can push the limit
by nitwit005 7y ago
Behaviors like this seem to mostly come out of companies with only a few competitors, such as telecom companies and airlines. They know they can push the limit of what people can or will pay due to lack of options.
- nerdponx 7y agoThis is literally why monopoly market power is bad.Even if you were not technically the only seller in the market, high transactions/switching costs can amount to more or less the same thing.