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A comment on FTC acts against private equity firm’s acquisition of veterinary clinics. Parent comment

Re:FTC acts against private equity firm’s acquisition of vet... by astrange on Monday June 13, 2022 @03:58PM (#31730951)
You can’t have a monopoly in an industry with no barriers to entry. Cartels aren’t stable because every newcomer has an incentive to defect.
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Re:FTC acts against private equity firm’s acquisition of vet... by verve_rat on Monday June 13, 2022 @06:02PM (#31732346)
It costs more than zero dollars to set up a new vet clinic. I'd bet a bunch of the shit they need is really expensive.
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Re:FTC acts against private equity firm’s acquisition of vet... by pclmulqdq on Monday June 13, 2022 @06:32PM (#31732602)
Capital alone can't maintain a cartel. Investors can partner with doctors to set up a new vet clinic to help break the cartel, and there are significant rewards for both. In turn, the competition lowers prices across the board. Cartels are essentially a prisoner's dilemma without rules (like licensure) enforcing them.
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