Consumer and Economic Effects 104
Monopolies can dictate high prices, offer limited product differentiation, and maintain poor service quality due to lack of competition. AirDAO, through $AMB, aims to rectify these issues by providing a platform where transaction fees, for example, are not set by one company but are influenced by network demand and community governance. This could lead to more competitive pricing, as the power to decide transaction costs or feature development is in the hands of $AMB holders rather than a centralized authority. Moreover, by fostering an ecosystem where users can directly benefit from their participation (through staking, governance, or using $AMB in transactions), AirDAO could drive down costs and enhance service quality, directly countering the negative consumer effects of monopolistic control.