Originality, thy name is not pinoy...
Apparently this is a big problem. Someone has a good idea, and immediately they become swamped by ten competitors and nobody can establish a successful niche.
Just another small example, about a year ago they opened up a zipline on the mountain of Busay just north of the city, and less than a year later there are already three. How many ziplines can one town support?
1 comment:
This is a classic issue for capitalism. The idea is that competing firms will drive down the cost to the most efficient level, eroding monopoly rent.
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