Yup -- essentially a variant of the monopoly idea. Earned monopolies that continue because they offer a better deal than anyone else are fine -- even though there is no barrier to entry they continue to earn monopoly status because of good performance. That's a win - win for everyone. It's the monopolies that are imposed with no possibility of getting around them that are toxic to society.
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For sure. I use the term "natural monopolies" but I like "earned monopolies" even better.