Do businesses protected by government make bigger profits? How do we value these licenses?
If the government isn’t giving out any more licenses, does that mean fat profits?
Sometimes you need a special license for a type of business.
AND- there are a limited number of them available.
How do you put a price on this special right given by the Prince?
Does a special government license which restricts competition create more profits for you?
What do these government folks want in return?
Listen to me babble on about the perks and traps of regulated industries: https://youtu.be/x8jmdGZtKoY
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