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When the monopoly suffocates competitors it is usually by offering goods and services at below market price (which benefits the consumers). Edit: maybe “while”
by ivalm 7y ago
When the monopoly suffocates competitors it is usually by offering goods and services at below market price (which benefits the consumers).
Edit: maybe “while” would make my intent clearer? I understand it leads to worse pricing/progress later.
- _bxg1 7y agoFor a little while, until they don't have to anymore
- v4dok 7y agoWhile*. Its a honeymoon phase until they find the price equilibrium which is worse for the consumers. Econ 101. Not saying you don't know, just mentioning that the intuition that monopolies are bad is a very simple one that apparently we tend to forget
- ivalm 7y agoYeah, that was my intent, when (while) it is suffocating competition things are ok to good, not so much after.