They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.
Sentiment: NEGATIVE
Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.
When you know who your customers are, that can give you an edge on the competition.
Companies don't get rich hurting their customers.
I think if companies start reinventing themselves and focus on the customer experience more, they will win out in the end.
If you change the rules of the market, you can be more successful than your competitors.
The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.
If consumers make better choices, the marketplace will change.
Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.
Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do.
Before the monopoly should be permitted, there must be reason to believe it will do some good - for society, and not just for monopoly holders.
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