Agree with you. In general, overcharging does mean the market is not fair. However, even in the presence of competition, cost is not the major factor in pricing

Agree with you. In general, overcharging does mean the market is not fair. However, even in the presence of competition, cost is not the major factor in pricing :). Competition may drive prices down but does not eliminate greed. eg: In India (where I live), mobile services cost a fraction of what it typically costs in US/Canada. Even here, texts are priced at 5x what it costs the operator :(.