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But in practice we see that: 1. Firms compete 2. Some firms get ahead 3. Accrued advantages to being ahead amplify 4. A small number of firms dominate 5. N
by Eddy_Viscosity2 2y ago
But in practice we see that:
1. Firms compete
2. Some firms get ahead
3. Accrued advantages to being ahead amplify
4. A small number of firms dominate
5. New competition is bought or crushed
6. Dominate firms become less efficient in competition-free environment
- kelseyfrog 2y agoThey aren't mutually exclusive. And, not xor.