> which would be better for everyone. I agree that the spacing would be, overall, better, but that, by no means, guarantees that the monopoly would be better.

> which would be better for everyone. I agree that the spacing would be, overall, better, but that, by no means, guarantees that the monopoly would be better. We have plenty of historical evidence to the contrary. It's important to keep this particular economic "law" in perspective: it's a very specific, negative effect of competition. It doesn't mean that competition on the whole is undesirable.