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natural monopolies are short-term, unless propped up by government being propped up includes excessive copyright protections At one time, Walmart and Microsof
by Bloating 4y ago
natural monopolies are short-term, unless propped up by government
being propped up includes excessive copyright protections
At one time, Walmart and Microsoft were considered by some to be "natural monopolies".
- rufus_foreman 4y ago>> At one time, Walmart and Microsoft were considered by some to be "natural monopolies". Natural monopoly: "A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors" Newspaper headline, 1962: "Can Tiny Wal-Mart Survive Against the Big Guys?" Obviously, by Betteridge's law of headlines, Wal-Mart does not exist. Which is correct, since it is Walmart now. (The Big Guys were Woolco, Kmart and Target. There are 21 Kmarts left in the US. I have no idea what Woolco was. Oh OK, looked it up, Woolworths.)