Quote:
Originally Posted by rhadin
Yes, that is correct, Harry, in textbooks but not in the view of the Department of Justice generally. The real-world take on monopoly is that monopoly is bad. A good example is the breakup of AT&T when it provided nearly all of the telephone service in the United States. Everyone agreed that the service was good, and pricing was set by government agencies. The compelled breakup occurred because there was a shift in thinking regarding monopolization: it went from a good monopoly is OK to monopoly is inherently bad.
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Yes, you are right. But comparing monopoly of a utility provider to a book seller seems a bit farfetched to me. Changing to a different retailer for books is much easier than changing utility provider, monopoly or not.