> Any monopoly with viable economics for profit with no threat of competition yields monopoly profits
"With viable economics" is the point.
My "ludicrous statement" is a back-of-the-envelope test for whether an industry is nonsense. For comparison, consolidating all of the Pets.com competitors in the late 1990s would not have yielded a profitable company.
"With viable economics" is the point.
My "ludicrous statement" is a back-of-the-envelope test for whether an industry is nonsense. For comparison, consolidating all of the Pets.com competitors in the late 1990s would not have yielded a profitable company.