So there's no collusion or misbehavior, and the market ends up as a duopoly: one participant has 70% and another has 25%.
You don't think that alone distorts the market enough to merit intervention to encourage more competitors?
If you tie intervention to proven malfeasance, you allow abusers to skirt the rules for decades, entrench their positions with obscene profits, and then maybe eventually face consequences if they lose a legal case.
Instead of labeling some things illegal after the fact, monopoly and market law should be based around identifying some high market sharr situations as potentially dangerous and requiring compliance with additional regulations that make it harder for that dominant company to prevent competitors from starting and growing.
Otherwise, it invariably slides into state-aligned and -supported chaebols, because the government has incentive to ask large companies for help and they have incentive to cooperate with the government.
Yes, when crimes are committed it is often hard to prove and you won't catch them all. That's by design and a fundamental part of how our legal system was designed in the first place.
Having a duopoly as you described isn't in itself a crime, nor should it be. If they are skirting the rules such that they are breaking the rules, enforcement should step in as there is actually something to enforce. If the only "crime" is winning market share, what's the problem?
You don't think that alone distorts the market enough to merit intervention to encourage more competitors?
If you tie intervention to proven malfeasance, you allow abusers to skirt the rules for decades, entrench their positions with obscene profits, and then maybe eventually face consequences if they lose a legal case.
Instead of labeling some things illegal after the fact, monopoly and market law should be based around identifying some high market sharr situations as potentially dangerous and requiring compliance with additional regulations that make it harder for that dominant company to prevent competitors from starting and growing.
Otherwise, it invariably slides into state-aligned and -supported chaebols, because the government has incentive to ask large companies for help and they have incentive to cooperate with the government.