monopolies are bad because sometimes the best product isn't the monopoly. I never believed this existed until yesterday, and I'm happy with it
>>524541578The question of whether monopolies are inherently "bad" is one that has long captivated economists, policymakers, and the public alike, and the answer is nuanced, generally leaning toward a resounding yes, they are typically considered detrimental to consumers and the broader economy, with only a few specific, regulated exceptions. The core issue isn't the size of the company itself, but rather the lack of competition and the potential for the abuse of market power that such dominance allows. In a competitive market, firms are constantly pressured to innovate, improve quality, and keep prices low to attract and retain customers. Monopolies, largely shielded from this pressure, operate differently to maximize their own profits, often at the expense of general welfare.
