alt Hacker News> natural monopoly
Renting time on a printing press is not exorbitant.
Buying out local printing presses (and/or getting exclusivity in return for your business), is anticompetitive and sometimes illegal, but it's definitely not natural.
> natural monopoly
Renting time on a printing press is not exorbitant.
Buying out local printing presses (and/or getting exclusivity in return for your business), is anticompetitive and sometimes illegal, but it's definitely not natural.
Newspapers tended to own presses. On top of that, the vast majority of their other costs were fixed costs. It's a natural monopoly, a stock standard example and the US government had to step in with the Newspaper Preservation Act of 1970.