It turns out that without competition there is zero incentive whatsoever to be efficient with resources. Who cares, it’s not your money! It’s simple game theo

It turns out that without competition there is zero incentive whatsoever to be efficient with resources. Who cares, it’s not your money! It’s simple game theory. When you’re the only game in town, you can charge as much as you want, and provide as little service as you wish.