Unlike many machines that are perfectly useful in isolation from others, fax machines must work with other fax machines. █████ ██ ███ ███ █████████ ███ █████████████ ██ ████████████ ████████ █████ ████████ ████ ███ █████ ██████ ██ █████████ ██████████████ ████████ ███████ ███ ████████████████ █████ ███ ██████████ ██████████████ ███ ██████████ █████ ███ █████████████ ██████ ██ █████ █ ██████ ██████ ███ █████ █████████
Fax machines are only useful in combination with other fax machines. Competition between fax machine manufacturers led to many different, incompatible formats being used for different fax machines, which made fax machines overall less useful and a less viable product. This problem lasted until manufacturers adopted a common format for all fax machines.
In certain industries, excessive competition can be detrimental to the competitors.
More market competition does not always lead to more useful products for consumers.
The information above provides the ████ ███████ ███ █████ ███ ██ ███ █████████ █████████████
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In some industries ██ ██ ██ ███ ████████ ██ ███████████ ██ █████████ ██ ████ ██████ ████ ███ ████████
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Some cooperation among █████████████ ██ ███ ████ ████████ ██ ████ ██████████ ████ ██ ████ ████████████
Cooperation is beneficial ████ ██ ██████████ █████ ████████ ██████ ██ █████ ████████ ██ ███ ████ █████