Exactly, R&D requires capital. Capital comes from profits. Overly competitive markets destroys profits, destroying capital. Thus too much competition destroys R

Exactly, R&D requires capital. Capital comes from profits. Overly competitive markets destroys profits, destroying capital. Thus too much competition destroys R&D. Look at the airlines. There doesn't need to be this much competition in the airline industry (https://en.wikipedia.org/wiki/List_of_airlines https://en.wikipedia.org/wiki/List_of_airlines). They've had too many players for far too long, and it's caused them to compete to the bottom. Sure, flights are "cheap", but not as cheap as they would be if these companies could afford to upgrade their infrastructure, invest in more modernization efforts, and so on. In fact, the average airline makes about 1% return, or $100 in profit for every $10,000 they spend. That's not a recipe for a healthy business, or a healthy industry. By comparison, AMD and Intel have a duopoly on x86 processors and have for ages. Intel's profit margins waver between 1/4 and 1/3 of revenue. Simultaneously, processors get better and cheaper every single year.