Monopolies harm consumers from "summary" of The Antitrust Paradox by Robert Bork
Monopolies are often seen as harmful to consumers due to the lack of competition in the market. When a single company controls a large portion of the market, they have the power to set prices at levels that maximize their profits, rather than prices that benefit consumers. This can lead to artificially high prices for goods and services, as the monopoly has no incentive to lower prices in response to competition. Furthermore, monopolies can stifle innovation and limit consumer choice. Without competition pushing companies to innovate and improve their products, monopolies may become complacent a...
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