▲ | s1artibartfast 8 hours ago | |
it is a fascinating outcome when a vertically integrated monopoly is the cheapest option, and best consumer value. The challenge is figuring out if the firm is really providing the best value, or just a local minimum. | ||
▲ | modeless 8 hours ago | parent | next [-] | |
My understanding is Standard Oil provided good service for low prices in most cases. It's not always the case that monopolies provide super expensive or bad service. | ||
▲ | DanielHB 5 hours ago | parent | prev [-] | |
> vertically integrated monopoly is the cheapest option I would like to remind you that you can use google, gmail, google maps, google drive and a bunch of other services for free (and the best consumer value even if accounting for their data gathering). |