There are good monopolies, but they are of a different variety than would be a corporation with 100% market share, as there is no reason for a monopoly to be managed correctly; there is however economic incentive for the said monopoly to be managed incorectly.
The company Walmart does just this. When they open a new store they sell their product form that store at a loss, something that none of the competition can do. Once the competition has gone out of buisness the Walmart store raises their prices back up.
Quote:The obvious problem is that it is much easier to simply keep those profits and price your product low enough to present a difficulty to competitors entering the market. A wise competing company would figure out some other way to differentiate their product.
The company Walmart does just this. When they open a new store they sell their product form that store at a loss, something that none of the competition can do. Once the competition has gone out of buisness the Walmart store raises their prices back up.
Has anyone really been far even as decided to use even go want to do look more like?
"Giving money and power to government is like giving whiskey and car keys to teenage boys" - P.J. O'Rourke
"Being powerful is like being a lady. If you have to tell people you are, you aren't." - Margaret Thatcher
"Nothing succeeds like the appearance of success." - Christopher Lasch
"Giving money and power to government is like giving whiskey and car keys to teenage boys" - P.J. O'Rourke
"Being powerful is like being a lady. If you have to tell people you are, you aren't." - Margaret Thatcher
"Nothing succeeds like the appearance of success." - Christopher Lasch
