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What would be the ideal situation? Like you said, having too many competing companies doesn't lead to great services at low cost because of the extra overhead a
by meditativeape 6y ago
What would be the ideal situation? Like you said, having too many competing companies doesn't lead to great services at low cost because of the extra overhead and lack of volume, and having a monopoly gives one company too much power, then isn't duopoly a nice equilibrium?
- bendergarcia 6y agoThere’s a large spectrum between monopoly and perfect competition. Duopoly isn’t the only other option.