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There's still international competition. Monopolies typically bring costs as low as possible for their consumers to block out competitors. This is a fairly posi
by joslin01 11y ago
There's still international competition. Monopolies typically bring costs as low as possible for their consumers to block out competitors. This is a fairly positive net-effect. Theoretically, if a company was to get really bad PR then consumers would be OK paying more for their competitor and the great monopoly would show cracks and eventually break (unless it healed itself).
Yes we need the competition, but it's not so black/white otherwise no merge would go through.
- hussong 11y agoHow would one monopolist price more competitively than a number of competing vendors? Consumers need competition, producers avoid it where they can. Competition sucks from a producers perspective -- price equals marginal cost and profit is zero (in perfect competition).