Not that simple. Oligopoly changes the equation.
We do not permit oligopolies and monopolies. Try again dimwitted wonder dunce.
When an industry becomes one, they can move prices to increase profits, It subdues competition allowing them to provide worse service and less innovation. Many major industries have done that. That is why cable, groceries, gas, healthcare, retail and many others can raise prices and deliver less.
What industry has become one, other than Government?