There are exactly two kinds of businesses in this world. Businesses that are perfectly competitive and businesses that are monopolies.
Anyone that has a monopoly will pretend that they’re in incredible competition.
If the monopolists pretend not to have monopolies & the non-monopolists pretend to have monopolies, the apparent difference is very small.
If you’re a non-monopolist, you will rhetorically describe your market as super small, you’re the only person in that market.
If you have a monopoly, you will describe it as super big, and there is lots of competition in it.
Peter Thiel
