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In microeconomic theory, it is still set by demand, except that they are capturing some of the rents, causing “dead weight loss” in the market as a whole (eg higher profits but less overall money changes hands). So there are still limits on the monopolistic behavior, but it is still bad for the buyer

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> So there are still limits on the monopolistic behavior, but it is still bad for the buyer

That's basically what I wrote in my original comment. They're far from a real monopoly, but they can probably gouge people a few % points, which isn't great.

No monopolies operate outside of the limits of reality. Trying to draw this line between what you feel is real and fake does not seem to resonate.

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