Follow - Write - Create

One Min Read

7 Views

Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.

Follow Me Written By

Peter Thiel

Other Quote

Previous

If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That’s why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.

Next

The big challenge with Internet financial services has been that it’s very difficult to get large numbers of customers to sign up for your service.

Next

May 21, 2024

The big challenge with Internet financial services has been that it’s very difficult to get large numbers of customers to sign up for your service.

Previous

May 21, 2024

If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That’s why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.

No Comment! Be the first one.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related Items

Human attention tends to be focused on the satisfactions relationships are hoped to bring, precisely because somehow they have not been truly satisfactory. And if they do satisfy, the price of this satisfaction has often been found to be unacceptable.

Zygmunt Bauman

How many husbands have I had? You mean apart from my own?

Zsa Zsa Gabor

It was a question I got asked often from my friends when they heard I had entered Miss S.A. – ‘will you get a weave?’ I always said I haven’t changed myself before so why should I now change for a competition?

Zozibini Tunzi

I’m not a writer. I’m not smart. I couldn’t possibly even write my own story.

Zoey Deutch