[cm2012]

There are many many ways to look at this data, but here's one: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_pr....

Bigger companies can pay a lot more because they are more productive. And further research has shown its the same pool/type of people at each.

[ehvatum]

Your implied point that prices will drop with the introduction of interstate competition and access to finance and interest by mega-corps is well taken. You are certainly correct, there.

Notwithstanding grey-market limitations, people have their motives for accepting the inefficiency of starting or staying small. Potential, for example.