No. They're better run because they're more competitive and only the best-run firms survive. There is more pressure toward excellence, and pay reflects this. C

No. They're better run because they're more competitive and only the best-run firms survive. There is more pressure toward excellence, and pay reflects this. Can you name me the 10th-best PC operating system maker? No, you can't, because there isn't one. Whereas I'm sure the management practices of a typical small-town pizza shop aren't great. I'll grant that perhaps companies get lazy if they're monopolies but that doesn't last forever. I just think it's silly to suggest that companies in cutthroat, competitive industries are less high-performance than average, smaller firms.