Passenger on Nostr: Professionally, I've seen a number of large companies which exist at about a 2% - 3% ...

Professionally, I've seen a number of large companies which exist at about a 2% - 3% profit margin and make it up with scale. That's where mature industries with near-commodity products and easy customer switching seem to end up: any less and they can't operate, any more and their customers go elsewhere.

I am not an economist, of course, just a guy who's worked for a bunch of big companies.