Johnny Bacigalupo and Rob Hussey have been hit with a £17,000 bill to fix their Tesla after it was damaged in the rain - they have been told to pay even if they say it's not their fault
No, it’s not. A monopoly is a market situation in which a single entity controls the supply of a product or service. A government can be a monopolist. For instance in many countries the government owns the railway company.
You’re describing regulation. That’s a whole different topic.
Then you may prefer something like oligopoly. The goal is to have just a few companies that only make one type of car with no other options. Cost of transportation will go much higher. The conclusion is still the same: very little or no consumer choices.
It’s still something pretty close to a government mandated monopoly. Hell, most Tesla fanboys want literally just Tesla owning the entire car industry. And the Chinese car companies are all being controlled by the Chinese government. It’s closer to being one company than you think.
No, it’s not. A monopoly is a market situation in which a single entity controls the supply of a product or service. A government can be a monopolist. For instance in many countries the government owns the railway company.
You’re describing regulation. That’s a whole different topic.
Then you may prefer something like oligopoly. The goal is to have just a few companies that only make one type of car with no other options. Cost of transportation will go much higher. The conclusion is still the same: very little or no consumer choices.
I’m not arguing what the market ought to be like. I just don’t agree with your definitions.
It’s still something pretty close to a government mandated monopoly. Hell, most Tesla fanboys want literally just Tesla owning the entire car industry. And the Chinese car companies are all being controlled by the Chinese government. It’s closer to being one company than you think.