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by Nasrudith
2347 days ago
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Even given actual monopolies (I strongly disagree with the current claims) for competition it is a push and pull thing whose specifics vary by situation. Monopolies have better economies of scale as an intrinsic real advantage but tend to be more hidebound and less innovative as they both don't need it in the moment and from a fear or cannibalization. But not always for innovation - they may also have the resources to devote to R&D that smaller players would lack. The mechanism of the monopoly also has significance for it determines what needs to be done to maintain it. Although having a "better" source like leveraging a prior runaway success is no guarantee that they won't turn to bad ways to preserve it like regulatory capture with no other purpose served. |
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