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"monopolistic behaviour is considered illegal if it restricts competitors." I think there is a major fallacy in this reasoning. Case in point - look at the tra
by deepGem 9y ago
"monopolistic behaviour is considered illegal if it restricts competitors."
I think there is a major fallacy in this reasoning. Case in point - look at the trains in UK. Tracks, rails, signaling, services are all owned by different companies. While this sounds great from a regulatory perspective, it's not so great for bringing about changes. Which is perhaps why, most of the trains still run on ancient signaling tech, no GPS trackers. I admit, I have very cursory or superficial knowledge in this domain, but at the outset this is what it seems like.
OTOH, the FCC's way of looking at monopolistic behavior seems prudent - it's just based on price. As long as consumers get the price advantage, a monopoly is fine.