The problem isn't that a company has a monopoly per se, assuming that the monopoly was achieved by outperforming its competitors fairly and legally. The proble

The problem isn't that a company has a monopoly per se, assuming that the monopoly was achieved by outperforming its competitors fairly and legally. The problem arises when a company abuses its monopoly position or, far more commonly, when an oligopoly engages in implicit collusion. As a general rule, such situations result in the suppression of competition, which leads to higher prices and a poorer product/service for the consumer.