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by verve_rat 1471 days ago
It costs more than zero dollars to set up a new vet clinic. I'd bet a bunch of the shit they need is really expensive.
1 comments

Capital alone can't maintain a cartel. Investors can partner with doctors to set up a new vet clinic to help break the cartel, and there are significant rewards for both. In turn, the competition lowers prices across the board. Cartels are essentially a prisoner's dilemma without rules (like licensure) enforcing them.