Models, not factories. I don’t care what factory would produce them. Plus the concept of “competition and price” is an abstract thing from economics textbooks. You know, like “communism” or those kids buying a crazy numbers of watermelons. In the real world “competitors” would form cartel and regulate prices as they wish. And please, don’t counterargument with a reference to something that happened in '53. That is no more relevant than late Roman economics from II century CE :)
The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened.
Models, not factories. I don’t care what factory would produce them. Plus the concept of “competition and price” is an abstract thing from economics textbooks. You know, like “communism” or those kids buying a crazy numbers of watermelons. In the real world “competitors” would form cartel and regulate prices as they wish. And please, don’t counterargument with a reference to something that happened in '53. That is no more relevant than late Roman economics from II century CE :)
The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened.