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I don't see how this is a "failure of the free market". Text messaging prices are fixed because one can't freely move their plan and hardware from telco to telc
by stevvooe 14y ago
I don't see how this is a "failure of the free market". Text messaging prices are fixed because one can't freely move their plan and hardware from telco to telco when one gets cheaper or better.
- sterna 14y agoYou can call it what you want but one thing is for sure. These prices demonstrate that the competition on the US telecom market is limited. In Denmark you only pay for out going sms (typically around 5 cent) and you can get a plan with unlimited sms, 7 hours of calls and 2 GB of data for 20 $ a month. This is because we have fierce competition on our telecom market as a result of the old monopoly company being forced by government to lease their network to upstarts at fair rates.