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Right. It's a property of winner-take-all pursuits where the maximum scale is at the unit of the individual and the product can be replicated for low marginal c
by fighterpilot 5y ago
Right. It's a property of winner-take-all pursuits where the maximum scale is at the unit of the individual and the product can be replicated for low marginal cost. It's especially magnified when it's a common passion pursuit since that increases the supply of people doing it. It's a recipe for an extremely large long-tail.