Re:US judge blocks $2.2B Penguin Random House merger
by n4r9 on Tuesday November 01, 2022 @05:28AM
(#33418841)
Exactly. There's no incentive to pass efficiency savings on to consumers vs just making more profit.
Also, the types of efficiency savings that may be made by monopolies can be fragile. For example, implementing a standard component from one vendor across an entire industry renders that industry more vulnerable to bugs or faults on the component or the vendor going bankrupt.
How is that a consumer benefit in the absence of competition?