3 ms·
> the market is naturally prone to converging on a single solution Not only that it is "naturally prone" to it (with thinks like bulk efficiencies) but also th
by kevincox 1y ago
> the market is naturally prone to converging on a single solution
Not only that it is "naturally prone" to it (with thinks like bulk efficiencies) but also that it is economically prone to it. A free market with no monopolies drives profit towards zero. No company wants this so the logical response is to become a monopoly (or as close as possible) by putting up barriers to entry and competition.