Friday, 10 April 2020

Monopoly and network effects

Old-fashioned monopolies rely on some sort of coercion. Perhaps you need to bribe FCC commissioners to avoid net neutrality, or simply influence a local board to permit you to, by law, be the only provider of cable. Or perhaps you set up interlocking trusts that put a stranglehold on any competitors. It’s not pretty, and […]       
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