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Not all monopolists are equally efficient at managing their monopolies. Especially monopolies that can bail themselves out by forcing people to subsidize their
by domador 4y ago
Not all monopolists are equally efficient at managing their monopolies. Especially monopolies that can bail themselves out by forcing people to subsidize their losses.
- deleted 4y ago[deleted]
- eli_gottlieb 4y agoI agree, but I'm also making a point: a truly natural monopoly, one created by circumstances or structural factors, doesn't really require a monopolist, per se. This has been the traditional argument for state ownership or heavy regulation of utility companies, for instance.