this post was submitted on 19 Aug 2024
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It only works in competition which we don’t have for the most part.
Instead we have the illusion of choice through multiple brand product names. There’s a couple choices, sure, but few enough to function as an effective monopoly.
I notice OP said
And you agreed with him, but I'd like to point out you're talking about one country
Monopolies are really really bad for consumers and are strictly regulated in modern countries