> Most markets aren't like this and can remain competitive without regulation.
It's clear that some markets are like this, and some aren't. It's not at all clear to me that most markets aren't. In fact, i believe the opposite - most markets are like this. I believe that in most markets, economies of scale, cost of entry, and the coercive power of large participants outweigh the incremental efficiencies of new innovators.
If there is any logic or data which supports the contrary position, i would be interested to hear it.
It's clear that some markets are like this, and some aren't. It's not at all clear to me that most markets aren't. In fact, i believe the opposite - most markets are like this. I believe that in most markets, economies of scale, cost of entry, and the coercive power of large participants outweigh the incremental efficiencies of new innovators.
If there is any logic or data which supports the contrary position, i would be interested to hear it.