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Why would we think businesses will always make the right move? They'll blunder. They'll do it even harder in the absence of competition.
by qup 8mo ago
Why would we think businesses will always make the right move?
They'll blunder. They'll do it even harder in the absence of competition.
- delecti 8mo agoWho said I thought businesses would always make the right move? Businesses blunder. "The market" is just a set of observations, including that competitors will tend to take advantage of those blunders. It is not a failure of the market that businesses have blundered, nor surprising that it will happen occasionally, and neither I nor mrweasel implied otherwise.