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> Economics 101, which insists that the way for a company to be successful is to be the best for the market No it doesn't. I don't know which Economic 101 you
by smsm42 7y ago
> Economics 101, which insists that the way for a company to be successful is to be the best for the market
No it doesn't. I don't know which Economic 101 you had, but you may want to ask for a refund on the money you paid for it. Economics says nothing of the sort. For a company to be successful, its services should find willing consumers.
> the dominant market is not a company's customers, it's the company ownership.
Can somebody translate this to English for me? I recognize all the words, but I can't make any sense of them being arranged this way. What does it mean "dominant market is the company ownership"? It just doesn't compute.
- lxmorj 7y agoI believe he means: they aren’t in competition for customers. They are in competition for stockholders. Stockholders exist in a true competitive marketplace where AT&T must provide value to get their business. This is strictly not the case for most of AT&Ts customer-facing business. That exists in an oligopoly that appears to collude on pricing and (lack of) service.
- smsm42 7y agoAs an ex-client of AT&T and now client of a set of different providers, that has not been my experience - both prices and service levels vary quite significantly.