What Happens to Markets When Competition Disappears
Monopolies remove competitive pressure, so prices rise, quality falls, and investment stalls because providers no longer need to earn customers. This plays out across industries — e.g., cable, dominant hospitals, and single-carrier air routes — and in heavy equipment service where OEM dealer territories create local service monopolies with high rates, slow response, and low technician pay. Restoring competition delivers better pricing, service, and fairer pay.