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Markets tend to favor unequal distributions of market share and profits, with a few leaders emerging in any industry. Winner-take-all markets are hard to disrupt and suppress the entry of new players by locking in market share for leading players.

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Winner Takes it All: How Markets Favor the Few at the Expense of the Many
Markets tend to favor unequal distributions of market share and profits, with a few leaders emerging in any industry.Winner-take-all markets are hard to disrupt and suppress the entry of new players by locking in market share for leading players.

How well do you know Bayes's Theorem?

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Predicting the Future with Bayes’s Theorem
Baye’s theorem is a useful tool that helps us make more accurate predictions about the likelihood of potential outcomes.
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