#50 Jesse "IRA" Jenkins is on the pod
DER Task Force
00:00
*Steam turbines came with economies of scale *
The emergence of steam turbines brought about economies of scale, turning it into a natural monopoly business. Entrepreneurs like Sam Insol and Edison capitalized on this by expanding their customer base and building larger turbines to lower average costs, allowing them to outcompete smaller utilities and ultimately dominating the market.
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