test 12-14-2025

Second-Source Duopolies—Why do some industries have a small number of participants who maintain cozy, monopolistic economics without trying to take each others’ market share? One reason is that when there’s a monopoly, it makes relying on the entire category risky, whereas if a hotel can play Expedia off against Airbnb and an airline knows that Airbus will keep Boeing in check, that customer can bet more on the broader category.

link: https://read.haus/pi/gNJQdoPX