3 ms·
> charging what everyone else is charging? "Everyone else" being other middle-men with enormous market power? > higher prices for consumers. Monopoly and mar
by rbecker 6y ago
> charging what everyone else is charging?
"Everyone else" being other middle-men with enormous market power?
> higher prices for consumers.
Monopoly and market power can also kill companies that "should have" prospered, depriving consumers of choice. Like the supermarket that gives preferential treatment to products owned by the same conglomerate, or the search giant that prioritizes its own services [1]. I would consider that a social bad as well.
[1] https://news.ycombinator.com/item?id=24633387 https://news.ycombinator.com/item?id=24633387