“Workably” competitive
Michael J. Copps Everyone agrees competition beats regulation, but we’re always told things aren’t competitive enough yet to justify deregulation. If eventually we develop a truly competitive marketplace with consumers enjoying broadband speeds like those available to our counterparts in other industrial countries, we can step back and rely on the genius of that marketplace. The words of FCC Commissioner Michael J. Copps. When they say “truly competitive,” I think people like Commissioner Copps have in mind the textbook definition of “perfect competition” (many suppliers in the market, each supplier so small that its actions have no impact, the product all of the suppliers provide is the same, all agents have perfect information, all firms have acces to all production Read More ›