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You’re getting downvoted, but I think this is a really good question. Why didn’t market competition solve this issue? I don’t know enough about this to be able
by bogwog 4y ago
You’re getting downvoted, but I think this is a really good question. Why didn’t market competition solve this issue?
I don’t know enough about this to be able to answer. Maybe John Deer was guilty of anti-competitive behavior that suppressed competition in the market? Or there are some other challenges that make it difficult to start a farm equipment company?
- i_am_proteus 4y agoThat other challenge is called "John Deere's moat: market entrenchment via dealership/service center network." Agriculture is very time-of-year dependent. Waiting a few weeks for spare parts can be devastating to annual revenue.
- mcguire 4y agoBecause, as you suggest, suppressing competition is a winning strategy, especially when there are barriers to entry? Because the free market prefers monopolies?
- Etrnl_President 4y ago[dead]
- ikiris 4y agoIf you don't want to go compete with John Deere in this space even though you see this as a lack of competition, that's a basic answer to your question.