3 ms·
This is called the "normal profit" and, yes, there will be a set of businesses that earn the normal profit. What people are discovering is that the "normal pro
by CoffeeDregs 15y ago
This is called the "normal profit" and, yes, there will be a set of businesses that earn the normal profit. What people are discovering is that the "normal profit" for a music business is not "oh-mi-god-Facebook-is-a-natural-monopoly!"-sized, but rather "oh-mi-god-the-content-owners-have-all-of-the-negotiating-power"-sized.
Ironically, this gets re-discovered about every 5 years...