But @Facebook is decried as a monopoly!?

Judge Frank Easterbrook on antitrust law history

Wonder if @NZComCom shared this conclusion back then about successful browser monopolization?

Competition and free entry explained

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Echoes of Ronald Coase

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The Costs and Benefits of Monopoly

Anti-competitive mergers make little sense to me

There are two main arguments against mergers and acquisitions. The first of these is that they are paper shuffling with little in the way of cost advantages. The second is they allow the combined firm to raise its prices because it faces less competition.

I find these arguments to be in direct contradiction. Anti-competitive mergers must be high risk venture if there is little in the way of cost savings. Two previously efficient firm sizes are disturbed permanently in the hope of some ability to raise prices in the future without provoking too much new entry or expansion from the competitive fringe.

It is far better just to keep on colluding or just compete rather than risk permanently damaging the efficient operation of both firms.

Why are there too many castles on the Rhine river?

Source: Managerial Econ: Why are there too many castles on the Rhine river?

Is Monopoly a Justification for Government Regulation?

Milton Friedman on the ultimate consumer protection

Mises on entrepreneurs and consumer sovereignty

Milton Friedman on the essence of the Age of the Worker

Ronald Coase and that preoccupation with monopoly

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Ronald Coase on the preoccupation with the monopoly problem

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Ronald Coase on monopoly as the default explanation for perplexing business practices

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