3 ms·
> What are we supposed to take away from a high the high profit? If you’re the sort to buy into conventional economic theory, that VISA faces no effective comp
by roughly 2y ago
> What are we supposed to take away from a high the high profit?
If you’re the sort to buy into conventional economic theory, that VISA faces no effective competition.
- s1artibartfast 2y agoI would agree with that, but that does not make it a monopoly. That depends largely on the reasons for lack of competition. e.g Is Visa using its position to freeze out others, or is it government regulation, or customer preference, ect.