Trying To Create Your Personal Monopoly? Why You Don’t Really Want To Follow This Advice: It’s Non-Sense.

4 Arguments To Not Create A Monopoly

  1. Lack of choice. a.k.a. inelastic demand. They can raise prices and their consumers don’t really have a choice but to comply.
  2. Less incentives to competitiveness. Not having competitors fosters the lack of efficiency and innovation. “Why do more if the money is already here?
  3. Extends the status quo. You get there innovating and creating new ways. Once you’re in that monopoly position, aversion loss kicks in. Doing risky things might cost you all, so you start playing it safe.
  4. The consumer has no power. It can end up in them not being best served.

Why You Want Competition

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