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Sounds like a lack of competition. Multiple entities should compete for providing the best solution, and the entities should be rewarded or penalized accordingl
by unglaublich 3y ago
Sounds like a lack of competition. Multiple entities should compete for providing the best solution, and the entities should be rewarded or penalized accordingly.
- btbuildem 3y agoI'll give the Canadian telecom market as a counterexample: Multiple large providers (Rogers, Bell, Telus, Videotron to name the top four) instead of competing for customers and driving prices down, they have effectively colluded into an oligopoly - to the point of matching prices and plan details. In this case we have multiple entities working together to maintain the existing problem, so they can collectively maximize profits.