As far as I understand, antitrust laws prevent a monopoly. What I don’t understand is why is there a law against this? If your product is successful enough that everyone wants it/needs it, why is that a bad thing?
I searched for an answer to this, but the questions are more specific. In this question, since I don’t know about the concept, I’d like to know why such law is a thing.
In: Economics
Basically, if you are the only provider for a good or service, you could charge exorbitant amounts of money and people would have no alternatives. History has shown that monopolies tend to make things worse for consumers.
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