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Oh, monopolies definitely harm consumers - but even a wrong clock can be right twice a day. The US still has a plethora of local cable monopolies and we haven'
by munk-a 5y ago
Oh, monopolies definitely harm consumers - but even a wrong clock can be right twice a day.
The US still has a plethora of local cable monopolies and we haven't seen incredible internet offerings come out of those.
- whatshisface 5y agoA plethora of multiple local monopolies combines all of the internal service (accounting, legal, compliance) duplication and inefficient fixed-cost overheads of multi-seller markets with all of the seller-biased non-equilibrium pricing of giant monopolies. Somehow, we got the worst of all worlds.