The question here is risk management, in monopolistic markets. The company can be run in high risk mode, under the assumption that if the risk realizes it will

The question here is risk management, in monopolistic markets. The company can be run in high risk mode, under the assumption that if the risk realizes it will just go bankrupt and be bailed out. It wouldn't be bailed out in a competitive market, because competitors would pickup the slack, they would capture the market that was left without a service. In a monopolistic market, a normal bankruptcy would leave the market without a service provider, and thus a bailout is needed.