Market Power

Musings by an academic economist on the power of markets and the power over markets.

Tuesday, March 22, 2005

Monopoly Power

If I want to get my home number unlisted from the local phone directory, the local phone company is going to charge me 75 cents per month to have that done. I think it's safe to say that the marginal cost of the resources required *NOT* to publish my name in the phone book is less than 75 cents.

Ah, monopoly power at work.