Comment Car dealerships have a legal monopoly (Score 1) 160
Has anyone ever wondered why we buy cars the way we do? If you wanted to buy a banana, you wouldn't go to a banana store. You would go to a grocery store and pick from a multitude of different fruits. Yet with (new) cars, there is no grocery store equivalent. Why is that? Well the reason is that in all 50 states dealerships have established a legal monopoly which basically prohibits this.
Planet Money did a podcast on this very issue.
Planet Money did a podcast on this very issue.