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Payment processing is not a natural monopoly. The fact that it is a duopoly demonstrates that there could be competition in the space, so you can't use that as
by actually_a_dog 5y ago
Payment processing is not a natural monopoly. The fact that it is a duopoly demonstrates that there could be competition in the space, so you can't use that as an excuse.
- lmm 5y agoThey remain a duopoly rather than a monopoly only because they're already the subject of massive (though still inadequate) antitrust action. An economic modelling result I saw once suggested that a competitive market requires that the top four competitors own no more than a combined 60% of the market.