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The competition turns inward when you have a monopoly. Instead of different companies vying for market dominance you have middle managers trying to post the bi
by jandrese 5y ago
The competition turns inward when you have a monopoly. Instead of different companies vying for market dominance you have middle managers trying to post the biggest numbers to get that coveted promotion.
Actually, that happens in a Free Market too, but companies have more incentive to tamp down on inefficient behavior if it makes them less competitive. In a monopoly the inefficiency is much harder to prevent.