Monpooly - exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
Sounds like my local cable provider. In my town we only have one provider. I know for a fact that friends of mine is the next town who have both cable and FIOS get charged less. Why? There is a competitor in the same market.
Wrong again. If your definition of "control" is that nobody else WANTS to be in that market, then I guess so, but that is absolutely NOT an acceptable definition of monopoly. You have no idea why your "next town is charged less". It may or may not be related to the fact that VZ is there. And in terms of the "same market" - in fact, it is not the "same market".
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They tried blocking Verizon by using its influence to persuade local pols to deny Verizon's application to offer telecom and tv service.
Where I live under the table deals has been as normal as water being wet.
BUT people hated Optimum in this area so much that failed. Then they tried running untrue ads and Verizon got the courts to stop it.
So what you're saying is that in your corrupt community, the people your community elected, somehow have enough power to illegally manipulate services that are already federally regulated, and you can do nothing about it........
And that your answer is to increase regulation.........
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Let me try to clarify for you with a very simple example:
Lets say that I am the only person in my town who sells green apples. I charge $2.49 per pound for my apples and my customers pay that because I am the only person in town who sells apples.
Now another person in my town starts selling green apples, only they are charging $1.49 per pound. Now I have to compete so I either lower my prices or lose my customers to my competitor who are also selling green apples but for less money.
So I am scratching my head on your theory that increase competition doesn't lead to lower prices for consumers.
If you want to over simplify and make blanket statements based on such an over simplification, be my guest. I think you'll be remarkably unsuccessful in business and perhaps in life, but you have the constitutional right to do so.
In order for your particular analogy to be even remotely applicable, you'd have to edit it....
Let's say you are the only person in your town that sells green apples, and you charge whatever you want. Let's also say that it costs you X, and you sell for X plus 20 cents.
Now, let's say that somebody else might want to sell apples in your town. Let's also assume that the total number of apples sold can not increase. Meaning, every person is only going to buy one apple per month. Because, with what we're talking about, it is logical to assume that every single family residence is only going to have one set of providers per month.
And, let's say that it costs a certain amount in order to build out the necessary requirements to grow, transport, and sell those apples in your town.
Then, let's say that over a 10 year period for example, after considering the sunk cost, the "new" person would have to make at least 30 cents per unit in order to earn back their investment.
Cost of change is NOT free.
Now, let's talk about the REAL impact of "competition". Like exactly how "competition" has influenced electricity marketing. It has not.
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-Industry consolidation brought down cell phone prices. True statement. It was analog when it occurred. It was analog after. Technology didn't change until the industry had already consolidated and the prices were already low. If anything, they've increased as technology has changed.
-POTS phone prices are still high to this day and have long distance charges. Cable providers offer phone service, over cable for 20 bucks with free long distance. VOIP is next to free over the Internet. Non-traditional players. Non-traditional transmission.
-It was electricity deregulation. That's what it was. It's what it is called. You are placing your personal bias on it to call it otherwise, and being a pedant about it on top of that... Not exactly things that will win an argument, or even get many people to even join you in it.
-Municipal Broadband is most certainly cheaper for higher rates of speed. You need only use the Google machine to prove yourself wrong. As an example, Chatanooga's "The Gig" service offers *10* gbps Internet for every residence and business in the city. The 1 gig plan costs 70 dollars a month. Comcast serves the same city. For the same price you'll get a speedy 25 Mbps. So tell me again, what's the better buy? Oh... And their municipal broadband has also attracted business to the city that otherwise never would've considered them.
Wrong again.
Cell phone prices and charges did not start to occur until after the digital conversion got momentum. You are making my point. Consolidation happened - during the initial boom, with prices remaining somewhat consistent through consolidation - until after digital migration. And if you REALLY think prices have grown, I'd love for you to try and defend that position. It is not defensible. For less today than you used to pay for normal .28/min off peak, .48 peak, and .99 roaming, you now get coast to coast unlimited calling, unlimited text, AND a reasonable amount of data. As somebody who got their first cell setup in 1989, I can speak with authority that your statement that "costs have increased" is a complete false statement.
BTW, you're also contradicting yourself. Did consolidation reduce prices (as you have said) or did competition reduce prices (as you have said). Consolidation reduces competition - so you just called yourself a bad name.....
POTS versus VoIP has NOTHING to do with "non traditional players". It has everything to do with technology. The same company providing POTS also provides VoIP. IF - and ONLY IF - that technology is available and deployed, then the same company provides you a cheaper alternative. You really need to learn the meaning of correlation.
In terms of Municipal Broadband being cheaper or not, I have no idea what you're talking about. I've never indicated that Municipal broadband would or would not be cheaper. Whether it is or is not is not relevant. What is your point? There is nothing preventing a municipality from entering the market. As evidenced in many places, they can - WITHOUT FURTHER REGULATION BEING NECESSARY. Maybe, if you feel so strongly and you have such heavy evidence, you should stop complaining here, and do it yourself in your municipality.
It was not electricity deregulation. It was Electricity MARKET deregulation. THAT is what it was called. It is not my personal bias. It is a fact. And contrary to your pedantic position (using your term), regulation has actually significantly increased in that area. Regulatory bodies that did not even exist some years ago now impose regulatory impact, as evidenced by FERC, NERC, CIP (v3, v5, etc). You do not want to get in an argument with me about the electricity area.