Just like public utilities don't have a monopoly on the provision of power, because, hey, every home-owner can buy a diesel generator. With the level of substitution you are describing, you've made the word monopoly meaningless.
The regional broadcasters for the Olympics have a monopoly because of their economic power in setting the price for their good. Other than circumventing copyright or using a VPN, there is no competitor that will provide you with the Olympics for less money. Random youtube videos are not a substitute for watching an Olympics broadcast live.
The regional broadcasters for the Olympics have a monopoly because of their economic power in setting the price for their good. Other than circumventing copyright or using a VPN, there is no competitor that will provide you with the Olympics for less money. Random youtube videos are not a substitute for watching an Olympics broadcast live.