Laan Tungir on Nostr: Reasoning doesn't seem solid. As competition became perfectly free, and profit ...

Reasoning doesn't seem solid.

As competition became perfectly free, and profit margins decrease, there is still difference between the capabilities of the competitors. Some companies fail first and remainders then can thrive.

Also, there are niches. You could have perfect competition between Prada and Levi to sell me jeans, and they could both still thrive.