Utilities aren't regulated to function like "non-monopolies," generally. They're regulated because (ATT, at least) they were seen as inevitable "natural" monopo

Utilities aren't regulated to function like "non-monopolies," generally. They're regulated because (ATT, at least) they were seen as inevitable "natural" monopolies. There really isn't one "theory of monopolies" that is useful in all times and places. Social Media is not Telecom or electricity. Amazon is not a railroad. Trustbusting is an anti-monopoly strategy, and it doesn't really work in spaces where monopoly is unavoidable.