eli5 Why do internet providers and telecommunication companies have similar or identical prices for their packages? Wouldn’t slightly lowering the cost give the illusion of ‘same speed lower prices’ and improve their business?

Question

I understand that at some point operational costs come into play but wouldn’t they automatically quote a price much more or decently greater than it?

In: Other

Answer 1

No need in a lot of areas there is one company controlling that market sometimes three companies are all owned by the same parent company giving the illusion of competition