Re:Everything that is wrong with American capitalism, in one...
by kar2014 on Monday April 28, 2014 @07:55PM
(#7663932)
Remember ATT bid for T-Mobile? FCC stopped the deal to keep the competition and also so consumers have a choice. Same applies here but seems they are turning their eyes away.
Your example of Picasso painting does not apply, by definition that is one of a kind item and only selected people want them, it is not a commodity, so market competition does not apply.
Re:Everything that is wrong with American capitalism, in one...
by smsm42 on Monday April 28, 2014 @08:10PM
(#7664004)
Market is any set of voluntary exchanges, I just point out that some markets can have no competition despite being free. This can happen even in commodity markets, e.g. if somebody owns a huge chunk of the market. E.g. diamonds & De Beers. For telecom markets, there seem to be no substantial reasons why healthy competition can not exist on a free market.
So, the absence of buyer's choice is not per se an evidence of the market not being free, and there's nothing in free market that ensures buyer would always have a choice - only a promise that in most cases, the choice would exist, supported by ample evidence.