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If you check citations, you'd find the sentence preceding my excerpt on barriers to entry: "Because barriers to entry protect incumbent firms and restrict comp
by not_wyoming 2y ago
If you check citations, you'd find the sentence preceding my excerpt on barriers to entry:
"Because barriers to entry protect incumbent firms and restrict competition in a market, they can contribute to distortionary prices and are therefore most important when discussing antitrust policy."
Antitrust policy then links to a page on competition law: "Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies." [0]
So yes, I'd downvote you if I could, but HN doesn't allow downvotes - which is honestly pretty fitting in the context of this conversation.
[0] - https://en.wikipedia.org/wiki/Competition_law https://en.wikipedia.org/wiki/Competition_law
- zooq_ai 2y agoOnce again buying an Airplane and starting an Airline business has probably the highest barrier to entry. Yet the Airline industry is the most competitive.
- not_wyoming 2y agoThe air travel industry has also seen some of the most significant government regulation in the form of blocking mergers (ie monopolistic, anticompetitive behavior) - meaning that competition in the airline space is due to regulation, not free market dynamics alone. I’m happy to continue this debate if you’d like to start supporting your posts with citations but probably won’t engage further unless you do. Have a great day!
- stoperaticless 2y agoHm. Chip fabrication?
- nativeit 2y agoI took care of the down vote for you. I dunno when the privilege is earned, but keep up the quality comments and you’ll be able to downvote incurious ideologues like this in no time!
- zooq_ai 2y agoHN Downvotes on non-engineering things are my badge of honor. It has rewarded very well financially
- animal_spirits 2y agoBtw you will be allowed to downvote once you hit a certain karma threshold