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3min chapter
A Better Antitrust ft. Diana Moss
The New Liberal Podcast
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode