Quite so. The lawsuits against MNTA by the Attorneys General of various states that jbog hypothesizes will never see the light of day and won’t even be seriously considered. No further discussion is necessary.
To embellish this point a little, go back to zip's paper on duopoly pricing in an otherwise free market. The conclusion was that based on parties best interest without collusion the market would split at a modest discount to the monopoly pricing. With collusion it would split at full monopoly pricing (that part is obvious).
The market in actuality did split at a modest reduction from the prior monopoly pricing, so this is just free market pricing at work.
Neither a monopoly nor duopoly is illegal. It is illegal to collude in an oligarchy, but that did not happen based on the evidence. To say that prices would be lower with more competition has zero to do with the legality while in the duopoly market.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.