stackyFACTS
Economy

Monopolies get entirely lazy because they have no competition

HERE’S THE INTERESTING PART

Without rivals constantly threatening their survival, dominant firms have absolutely zero incentive to keep their internal costs low. X-inefficiency occurs when a firm operates far below its optimal productive capacity simply because it can afford to be incredibly sloppy. Total market dominance eventually breeds pure corporate lethargy.

Monopolies get entirely lazy because they have no competition
STACKY / Economy
One discovery leads to another.

Keep exploring facts in this topic.

Economy →
STACKY FOR IPHONE

A bigger world.
One discovery
at a time.

Keep discovering with Stacky. Interesting facts in an app that is always within reach.

Download on the App Store
ONE MORE DISCOVERY?

Keep exploring

All in this topic →
Why garbage collection becomes a local monopoly
Economy

Why garbage collection becomes a local monopoly

The mafia's historical fascination with waste management makes perfect economic sense. Municipalities grant exclusive regional contracts to single garbage…

Discover more
Ticketmaster controls roughly eighty percent of the primary ticketing market for major live events, allowing them to slap consumers with arbitrary convenience fees that can…
Economy

Ticketmaster controls roughly eighty percent of the primary ticketing market for major live events, allowing them to slap consumers with arbitrary convenience fees that can…

Ticketmaster controls roughly eighty percent of the primary ticketing market for major live events, allowing them to slap consumers with arbitrary convenience…

Discover more
How a company can eliminate its competition
Economy

How a company can eliminate its competition

The ultimate goal of every major corporation is to completely destroy all competition until you have no other choice. Once they are the only option left, the…

Discover more
De Beers successfully convinced the entire world that diamonds are rare and valuable through a legendary 1938 marketing campaign, despite the fact that these shiny rocks are actually quite common.
Economy

De Beers successfully convinced the entire world that diamonds are rare and valuable through a legendary 1938 marketing campaign, despite the fact that these shiny rocks are actually quite common.

De Beers successfully convinced the entire world that diamonds are rare and valuable through a legendary 1938 marketing campaign, despite the fact that these…

Discover more
Why only postal workers can use your mailbox
Economy

Why only postal workers can use your mailbox

You paid for it, and it is firmly attached to your private house, but it is a federal crime for anyone but the government postal worker to put a flyer inside…

Discover more
Hinge claims to be designed to be deleted, but the economic reality of dating apps reveals what dark truth?
Economy

Hinge claims to be designed to be deleted, but the economic reality of dating apps reveals what dark truth?

Hinge claims to be designed to be deleted, but the economic reality of dating apps reveals what dark truth?

Discover more
StackyMore discoveries in the app
Download on the App Store