The word "monopoly" implies one dominant company ("mono-" meaning one), but industries with 2 or 3 companies are still unhealthy for a few reasons.
First, it's pretty easy for 2 or 3 companies to price fix, which is against anti-trust laws.
Second, a healthy market requires that it be easy for new companies to enter the market and compete, and if there's only a few dominant companies, then clearly new competitors are not succeeding.
First, it's pretty easy for 2 or 3 companies to price fix, which is against anti-trust laws.
Second, a healthy market requires that it be easy for new companies to enter the market and compete, and if there's only a few dominant companies, then clearly new competitors are not succeeding.
We need more anti-trust enforcement.