4 ms·
Regarding new competitors, I assume the upfront capital expenditure for many of the areas would be prohibitive for raising enough money from typical sources, es
by chriskanan 3y ago
Regarding new competitors, I assume the upfront capital expenditure for many of the areas would be prohibitive for raising enough money from typical sources, especially since the existing industry could just lower costs once a new competitor got going. The large companies are probably much more efficient in terms of supply chains simply because they are larger and better established.
- s1artibartfast 3y agothat leads to question 4. If economies of scale result in lower prices, even with profit, what exactly is the consumer advantage of the alternative with more competition?
- iinnPP 3y agoBecause the competition becomes about efficiency first instead of money.
- s1artibartfast 3y agoI have no idea what you mean. Can you clarify?