In regulated markets, the threat of new competitors can lead dominant firms to pull back
Under “managed competition,” the equilibrium is even worse than what you’d get with an unregulated monopoly. Image: Shutterstock
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up : <a target="_blank" href=" https://www.gsb.stanford.edu/insights/about/emails"> https://www.gsb.stanford.edu/insights/about/emails</a>]]