A monopoly doesn't necessarily entail wrong-doing. On the other hand, if you have a monopoly who is going to tell you you're doing wrong?
You're absolutely right.
It's just that, in the "old" days, govt's broke up monopolies, or punished them, becoz they weren't deemed to be in the public interest, be it socio-political, or economic.
These days, they seem to be overlooked, possibly even encouraged as a "market force"
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