The absence of competition is a sign a free market is not working as intended. The rules and benefits of free markets ceases to apply. A monopoly is a market fa

The absence of competition is a sign a free market is not working as intended. The rules and benefits of free markets ceases to apply. A monopoly is a market failure and requires intervention. Free market advocates are always talking about regulations and the need for free markets but don't seem to care so much about monopolies, outsize profits, the accumulation of market power and its abuse that further impedes the operation of free markets and the billionaires that result.