End of Barriers, Part 4

This is the almost-final Econ 202 post on barriers that exist in the US hearing aid manufacturing and delivery system.1   Parts 1,  2 and 3 addressed regulatory requirements that discourage new entrants; legal and economic definitions of barrier to industry entry/exit; structural and strategic barriers in the hearing aid industry; and specific strategic barriers used by incumbent manufacturers in their…

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One Word: Elasticity

I really like your article and it certainly points out a key problem.  The only leverage the big 6 have is what we gave them. We need to all work together. The internet and baby boomers create an amazing opportunity but business as usual won’t cut it.  –  Private comment from a previous post And…

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Dark Knights of Monopoly

“None shall pass.”    …   “I’ve had worse.”  Monty Python’s Black Knight The Black Knight’s utterances joust with each other, which makes for a very funny video. His stance–and lack thereof–conjure up images in my mind of the hearing aid industry and Audiologists.  Our Big 6 set formidable entry barriers, determined that none shall…

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Econ 202: Let Them Eat Cake, Monopolists at Work

“My position on cake is pro-having it, and pro-eating it.”  Boris Johnson, colorful British politician I’m with Boris and Marie on that one — cake for all… who can afford it.  And I want to make all the cakes.  In short, I’m a born Monopolist.  I’ll bet you are too.  So, why aren’t we all…

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