5 ms·
> natural monopoly Renting time on a printing press is not exorbitant. Buying out local printing presses (and/or getting exclusivity in return for your busine
by quesera 10mo ago
> natural monopoly
Renting time on a printing press is not exorbitant.
Buying out local printing presses (and/or getting exclusivity in return for your business), is anticompetitive and sometimes illegal, but it's definitely not natural.
- danielmarkbruce 10mo agoNewspapers tended to own presses. On top of that, the vast majority of their other costs were fixed costs. It's a natural monopoly, a stock standard example and the US government had to step in with the Newspaper Preservation Act of 1970.