I'm not even sure PSA is a monopolist. What are the barriers to entry, a factor that must be considered in any analysis of whether a firm can exercise monopoly power? We aren't talking manufacturing automobiles or airplanes, we're talking a building, some employees, some cheap plastic slabs and a sealing machine. If someone wants to compete in this space, it wouldn't take a prohibitive amount of capital. Baker and Rocchi did it with GAI, they just didn't do it right.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
Last edited by Peter_Spaeth; 05-24-2019 at 04:22 PM.
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