foolish.
What if said alternative has several times production cost disadvantage, and the cartel can produce it's products for a tiny fraction of the alternative product?
Or what is economies of scale of said cartel keep it cost prohibitive for new entries into the marketplace?
Have you thought any of this out, or are you reading from 'dumbass libertainan theory guide' tonight?
i fail to see the problem if the consumer is getting a fair price, business is a competition. If the monopoly exerts unfair pressure on a commodity that is necessary for life then i can see a problem. Like air, water or food. Otherwise don't buy it if you don't like the price or the company.
I am not an economist and like i said it was an honest question. I don't know everything there is to know on this earth and i like discussing things to broaden my knowledge. I am merely laying out my logic and you are free to discuss where you think i am wrong. I will read what you say and evaluate it and i may change my mind if you make sense. I even sometimes learn from those who call me names for no reason.