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and other markets where network effects tend to create monopolies tend to be very highly regulated or state owned: telecoms and financial markets, for example.
by graemep 2y ago
and other markets where network effects tend to create monopolies tend to be very highly regulated or state owned: telecoms and financial markets, for example.
- lotsofpulp 2y agoUtilities are monopolies because it makes no sense to spend tons of resources running extra pipes and wires to each and every house. It’s called a structural monopoly.
- graemep 2y agoYikes! Yes. WIll correct. I do not know what happened to my brain there.