A Better Antitrust ft. Diana Moss
The New Liberal Podcast
00:00
Ease of Exit, Consumer Choice, and Industry Examples
This chapter explores the concept of ease of exit in various industries and its influence on consumer decision-making. It discusses the contrasting ease of switching between dominant players in the internet search industry and the challenges faced in starting a competing airline. The impact of choice and switching costs on consumer behavior is also examined, with examples from the social media industry and the repercussions of a data breach on Facebook's market share.
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