And, as the recent French experience suggests, it is a difficult, if not impossible task. Competition and Monopoly Monopoly generally violates the public interest. A monopoly can charge higher prices, and produce products of lesser quality, because consumers have no choice. A monopoly can increase its revenues by violating the interests of consumers. In contrast, competition tends to serve consumers.
Producers compete on price and quality.
Producers in a competitive market are not morally superior to monopolists. They, like monopolists and the rest of us, tend to seek their own best interests. And in a competitive market, the producer prospers by serving the interests of consumers. Choice empowers consumers and polices producers. Public policy recognizes this.