Yesterday 9:24 pm
yesCannonpointer » 16 minutes ago » wrote: ↑ There is another thing you need to realize. Competition does not only lower prices. It also raises prices. That is why governments like to have regulated monopolies handle certain jobs - to keep prices down by preventing competition.
It is only an UNREGULATED monopoly that will raise prices. A regulated monopoly is able to keep prices low because they own the entire market. They have no need to market for customers. They automatically have an economy of scale.
One example of an excellent monopoly that has served the nation extremely well for its entire history is the post office.