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0 pointsxela798mo ago0 comments

> Competition, fortunately

so there's no competition when there are no rules and regulations... ? interesting.

all those sports without rules or regulations, like american football where anything goes.

0 comments

huh? I'm saying adding rules and regulations reduces competition yes, by definition it adds barriers to entry. We can argue how high those barriers ought to be.

Highly regulated industries: healthcare, banking, aviation

Less regulated industries: web software, e-commerce, entertainment

It is easier for startups to get started in the latter, harder in the former.

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