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Google CEO Sundar Pichai testifies in US antitrust trial
(www.reuters.com)
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this post was submitted on 30 Oct 2023
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Because of the consumer surplus anti-trust paradigm. Comcast just needs to say that prices are as low as they would be in a more competitive environment. And cable companies in regional cable markets can tacitly collude simply by matching competitor prices. Thus, how do you prove that prices are actually too high and that Comcast and other cable companies are using their market power to abuse consumers? You can't.
Lina Khan, the American hero that she is, is trying to pursue an old anti-trust paradigm.
Doesn't taking that stance effectively acknowledge that they have a monopoly? "If we didn't have a monopoly it wouldn't be any cheaper, scout's honor."