3 ms·
A plethora of multiple local monopolies combines all of the internal service (accounting, legal, compliance) duplication and inefficient fixed-cost overheads of
by whatshisface 5y ago
A 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.