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by john_b
4616 days ago
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Large companies in well established industries sometimes operate with near monopoly power and are only threatened when the entire industry undergoes a long term, permanent change. Most people don't consider such a situation a functioning, healthy market. Healthcare and banking are two great examples of industries whose dynamics tend to result in a small number of powerful entities calling the shots, the former due to legal reasons and the latter due to economies of scale. |
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