ASEEM MOHAMMAD

11%
Flag icon
If there is money to be made, new firms will enter the market, increase supply, drive prices down, and thereby eliminate the profits that attracted them in the first place. If too many firms enter the market, they’ll suffer losses, some will fold, and prices will rise back to sustainable levels. Under perfect competition, in the long run no company makes an economic profit.
Zero to One: Notes on Start Ups, or How to Build the Future
Rate this book
Clear rating
Open Preview