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What better/more/cheaper stuff do IG users gain from this? No comment from IG. When companies "compete" by buying out the competition and shutting down trad
by talaketu 14y ago
What better/more/cheaper stuff do IG users gain from this? No comment from IG.
When companies "compete" by buying out the competition and shutting down trade, there is a loss of choice and utility and a loss to consumers.
- freejack 14y agoThere is a loss of choice and utility available from Instagram, which create an opportunity for a competitor in the market. This increases choice and utility for consumers. In the long run, the market always wins and consumers benefit. (granted, this is a simplistic view and subject to the whims of regulatory distortion and other externalities - I think my core premise is sound though. Even though these specific companies might be limiting options that just creates more opportunity for competition and stronger benefits for customers...)