Bookishnish

The Rivalry in Perfect Competition In a perfect competition, no one makes a profit and if you want to create an everlasting valued company, don't create an undifferentiated commodity business. That means, create something that has a differential value. Possibly ten times larger value than existing company. Something that is not easily replaced. Rivalry brings loss to both party. In a rivalry between Google and Microsoft, Apple kicked off. You lose war fighting useless battles. Why Monopoly play down their 'monopoly' tag? Monopoly disguise their markets as union of several markets. They don't show themselves as monopoly. They play themselves down so as to hide from everyone's eyes. Google doesn't project itself as the number one search engine, it markets itself as a small fish in a big pond of advertising services. Case Study: Twitter vs The Times Twitter was valued more than The Times despite making loss while The Times was making profit. (At the time of Twit...