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There 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 fo
by freejack 14y ago
There 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...)