When monopolies are bad (another SCOTUS decision)

[Mac-A-Matic]

deckeda wrote:
Economies of scale are supposed to come from monopolies. In practice, they don't, because the monopolist isn't incentivized to do perform efficiently.

I don't agree with this thinking that monopolies aren't "incentivized" to perform efficiently.

Companies like Comcast want to be efficient because it makes the most of their A) economy of scale, and B) profit margin. And monopolies like Comcast are definitively profitable.

I think a very simple, easy and readily-available example of a monopoly is your local football or baseball stadium. A visit to the stadium will demonstrate $7 Bud Light beers.

And if that ain't the demonstration of the problem with a monopoly, I don't know what is!