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Ok, I guess I was looking at it wrong.I was thinking about government-granted monopolies where the government willingly prevents competition. It is my understan
by josu 13y ago
Ok, I guess I was looking at it wrong.I was thinking about government-granted monopolies where the government willingly prevents competition. It is my understanding that this was how of most of the telecommunication companies around the world started.
- hbags 13y agoI've heard of other scenarios where the government prevented competition, but they nearly all boil down to the same core: the constituents want X, but some sort of market failure is occurring (or likely to occur) and a temporary market intervention was able to resolve it.