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s1artibartfast 7 months 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 7 months 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.

MichaelZuo 7 months ago | parent [-]

Yes, hence why it lasted for over a decade even with >>50% of the market in many jurisdictions.

DanielHB 7 months 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).