May 20, 2022
4:44:34pm
4:44:34pm
Assuming artificial barriers of entry are eliminated, it is in the best interest
of the monopoly to remain a monopoly. To do so, they need to deliver the consumer need (value) in the most economical way possible (low cost). If a monopoly exploits consumers (low value or high cost), it incentivizes another business or individual to fill that need by delivering to the actual customer need or doing it more efficiently.
BTW there is always a choice to buy or not buy.
BTW there is always a choice to buy or not buy.
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- AzCoug1
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- DesertBlues
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- Dec 12, 2014
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- Apr 18, 2024
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Completely ridiculous. It's one thing to let a player make money signing autographs or hosting a skills camp
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