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Except railways occupy land that may physically exclude competitors from being able to build their own (mountain passes etc...). No such limitation exists for
by xedrac 3y ago
Except railways occupy land that may physically exclude competitors from being able to build their own (mountain passes etc...). No such limitation exists for launching a rocket.
- perihelions 3y agoAntitrust isn't solely limited to natural monopolies. (Also most of the time, what you describe wasn't quite the case—there's many places were there's two, useless railways running parallel for each other for stretch, not for any technically useful reason—just an economic cooperation failure. You can call the monopolist's bluff and build a redundant (n+1)th rail line or an (n+1)th orbital launch company—it's just devastatingly expensive).