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This is a common misconception (I blame American politics). In _perfect competition_ this would hold true; however a _free_ market is not guaranteed to be comp
by gshulegaard 5y ago
This is a common misconception (I blame American politics). In _perfect competition_ this would hold true; however a _free_ market is not guaranteed to be competitive, much less close to _perfect_ competition.
- ajsnigrutin 5y agoIt's not just competition, in credit card space, you basically have a duopoly with Visa and Mastercard. If we were talking about bars, then yes, you have thousands of bars, and if legal, it wouldnt be hard to find a naked bar. But with two companies, you're far away from free-anything.
- deleted 5y ago[deleted]
- stjohnswarts 5y agoAbsolutely that's why we have to have regulations. The larger companies get the more they tend toward being monopolies and warping the idea of free markets.