4 ms·
Natural monopolies due to high capital costs are businesses like TSMC and ASML - you're not going to get a "small new entrant" with 4nm lithography for making h
by jmalicki 2y ago
Natural monopolies due to high capital costs are businesses like TSMC and ASML - you're not going to get a "small new entrant" with 4nm lithography for making high-end microchips.
- creer 2y agoTSMC, ASML are as extreme as it gets. You might as well ignore them completely in this thread.
- jmalicki 2y agoThere are local versions - a veterinary emergency hospital with veterinary oncologists and cardiologists in a smaller city without other metros for hundreds of miles, for example.
- nothercastle 2y agoThat’s an example where the market can only support one of there was ever a competitor it would be a question of who runs out of cash first.
- jmalicki 2y agoWhich is why no smart competitor would enter into that market - you'd never make back the profits from the price war.