Quote:
Originally Posted by GGG
I think the bolded is because of oligopolies. The cost of entry into the market makes it not possible to set up a competitive option which allows the current dominant groups in the market to set prices without the threat of competition. There is not real meaningful competition due to high barriers to entry.
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And one part of inflation is easiest explained by restriction of available goods.
If there were more competition / more goods available, prices would come down.
The oligopolies have cemented their place to make sure that doesn't happen.
Also true in the telecom industry, and also why Canadians pay more there than other countries.