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Douglas Knight's avatar

Everything you have heard about AT&T is a lie.

AT&T didn't set monopoly prices. The government set prices starting in 1917.AT&T invented the transistor, but it never sold any. In 1954 the government not only confiscated the patent. Then anyone could sell transistors, anyone but AT&T, which the govern, it banned the company from selling transistors, or anything other than telecom.

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Max's avatar

I don‘t think I presumed this, but thanks for reminding me anyway. I was simply surprised that you didn‘t talk about this tradeoff. Can you recommend an overview over all considerations that one should think about?

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