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Derek,,,, where do you get this stuff, if it weren't for regulation. Mr. Shell Mr. Exxon and Mr. Texaco would be on the phone fixing prices at will, as below a certain level demand is relatively inelastic. In fact this is the history of the airline biz, the oil biz, the haulage biz, and bunch of other bizes.... Monoploly isn't only expressed in the MSFT model, but through colusion between regional powers etc. Tell me something, when you go to another bank's teller, does it cost you the same dollar, or do you get a special break. My guess is that you like 95% of US resident pay the buck. Now in spite of there being many banks there has been next to no market pressure on the banks to reduce this charge, because the barriers to entry are too high, teller machines cost too much for ground zero nstitutions to compete, SO GOVT IS TRYING TO STEP IN and regulate this gouging. The point is that the free free unregulated market does not will not and shouldn't exist, because it is as imperfect as anything else, but has the disadvantage of benifiting the smallest section of society. |
