No, a monopoly that consistently provides extremely low prices due to economies of scale helps consumers while harming competitors. Unfortunately, while that’s perfectly acceptable it’s very much the exception not the rule.

Chicago School vs the EU. We need the EU model, the Chicago School is Gilded Facism.

>> Hasn’t “harm to other businesses” been traditionally understood to be harm to consumers in that consumer choice is reduced?

Yes, unless the battle is just between businesses spending money on lobbying vs businesses not spending money on lobbying.

Consider telco and how they are upset with Facebook/etc.

Traditional telco is being harmed because their raw deal to customers {sign up for 2yr contract where you dont even get the full monthly price upfront and then pay a boatload per SMS etc; oh and they also sell out your privacy} has been replaced with more competitive offerrings {exchange your privacy for free unlimited communication including free international communications, no contract, no 2yr agreements, no mysterious regulatory recovery fee}.

As a consumer, I honestly dont care about the traditional telco deal. It was a completely raw deal. The addition of WhatsApp/Messenger/Jitsi/FaceTime/Duo/Allo/etc has not reduced options. In fact, I'd give up anything not to go back to $0.20/sms.

I think much of the "harm" narrative is driven by lobbying, not actual harm. They both have harm, different types, some more than others. One has better lobbyists.