> Is that realistic? Intuition is telling me that's very idealistic but I'm prepared to be surprised
There are many markets where this is the case. Which trucking company has significantly more than 15% market share? Which law firm? Which car insurance company? Which university? Which construction company?
Nearly all of the consolidated industries got there through some combination of mergers, vertical integration and regulatory barriers to entry. Even some of the "natural monopolies" like last mile telecommunications are only so because of regulatory choices -- the natural monopoly is actually the roads, which the government owns, and if they provided easy and affordable access to roadside cable trenches there would be much more competition for data service.
AnthonyMouse|2 years ago
There are many markets where this is the case. Which trucking company has significantly more than 15% market share? Which law firm? Which car insurance company? Which university? Which construction company?
Nearly all of the consolidated industries got there through some combination of mergers, vertical integration and regulatory barriers to entry. Even some of the "natural monopolies" like last mile telecommunications are only so because of regulatory choices -- the natural monopoly is actually the roads, which the government owns, and if they provided easy and affordable access to roadside cable trenches there would be much more competition for data service.