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> The at&t monopoly came about via government power,... That is what I wrote, yes. AT&T knew who to "lobby". That is information asymmetry.
by insert_coin 5y ago
> The at&t monopoly came about via government power,...
That is what I wrote, yes. AT&T knew who to "lobby". That is information asymmetry.
- compiler-guy 5y agoYou would have to establish that no one else knew who to lobby, which is far from clear. Also I know exactly who to lobby for certain things I need from the city, but that clearly isn’t enough, because my lobbying efforts have failed miserably.
- insert_coin 5y agoThe asymmetry is in more than one area, those where only examples, and they probably have an asymmetric advantage over you in all areas. That is why, even if you know who to lobby you can't get a meeting, but they meet everyday. You don't know who to bribe to get a meeting. And on and on.