This wasn’t a natural push to a monopoly though. Visa used their size and leverage to force end users to use their debit network and squeeze out the competition. They’d charge higher fees on companies who didn’t use their services. So I disagree, this isn’t a natural monopoly.
In this case, there are markets that will naturally push towards a monopoly.
This wasn’t a natural push to a monopoly though. Visa used their size and leverage to force end users to use their debit network and squeeze out the competition. They’d charge higher fees on companies who didn’t use their services. So I disagree, this isn’t a natural monopoly.