nostr:npub1jflcdvljl0n8hlz27798d0044rxwkqz69gapvcctt4p4gdt4kasqjgfmdd IIUC, “the problem” is monopolies charge unnaturally high prices because of lack of competition. If, instead, a monopoly is charging unnaturally low prices and losing money, then that particular problem is gone. yes? (At least temporarily – you saw my next paragraph…)

Well, no. For starters the problem is that competition cant come into existance. Which in turn leads to higher prices, but also other problems.

Second, this hasnt lowered the price. As stated the monopoly lowers prices within a 50 mile radius but raises prices everywhere else. So the average price hasnt changed, so the problem isnt solved. Moreover the lower price is only temporary, once the company goes out of business then the price is raised and the money made back by an even higher rate. Moreover, knowing competition is garunteed to fail no one even bothers to create said competition in the first place, so the decreased price is never even realized.

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