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For non-essential goods and services, monopolies don't bother me in the least; no matter how high the prices go.
If Amazon was to gain an overwhelming monopoly on all books and then raised the prices to a minimum of $25, I wouldn't care. Why? Because I don't have to buy books to survive. I'd just find something else to keep me amused.
Monopolies succeed because consumers give tacit approval whenever they make a purchase. If consumers quit buying, the monopoly goes away because prices drop and competition creeps in.
Consumers have the power to make or break a monopoly. For this reason, government intervention isn't warranted for non-essential goods and services.
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