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A comment on Charter charges more money for slower Internet on streets with no competition. Parent comment
As a home consumer you cannot switch from your current electricity provider to a cheaper one... that operates in a different continent.
The link you provided is spot on and does not contradict in any way what I wrote.
"Natural monopolies were recognized as potential sources of market failure as early as the 19th century"
Another good page: https://en.wikipedia.org/wiki/Captive_market
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As a home consumer you cannot switch from your current electricity provider to a cheaper one... that operates in a different continent.
The link you provided is spot on and does not contradict in any way what I wrote.
"Natural monopolies were recognized as potential sources of market failure as early as the 19th century"
Another good page: https://en.wikipedia.org/wiki/Captive_market