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That's because the government is a monopoly on buying those services from the service providers (Don't get me wrong I am fully in support). If there is less tha
by killingtime74 3y ago
That's because the government is a monopoly on buying those services from the service providers (Don't get me wrong I am fully in support). If there is less than Monopoly control by the government price controls don't work.
- npongratz 3y ago> That's because the government is a monopoly on buying those services from the service providers That's called a monopsony: https://www.investopedia.com/terms/m/monopsony.asp https://www.investopedia.com/terms/m/monopsony.asp "A single buyer dominates a monopsonized market while an individual seller controls a monopolized market."
- chimeracoder 3y ago> That's because the government is a monopoly on buying those services from the service providers That's true in some markets, but not all.