3 ms·
Not necessarily true. Economies of scale is a thing.
by cjblomqvist 2y ago
Not necessarily true. Economies of scale is a thing.
- Dalewyn 2y agoThis. More, smaller companies mean more duplication and overhead which can manifest in higher prices. One of the biggest factors behind market consolidation and centralization is because it reduces duplication and overhead which can increase margins and might reduce prices. Merely increasing competition doesn't necessarily drive prices down.
- saulpw 2y agoUp to a point. Beyond that point, "economies of scale" becomes "monopolies of scale". Which is Stoller's (and the OP's) point.