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The claim that it is tightly regulated could be subject to debate. The amount of regulatory capture currently occurring plus what occurred in the previous decades squarely classifies the United States as a plutocracy. The AT&T merger may be blocked, just because Donald Trump (via the Justice Department) doesn't like CNN. Think about that. It's an incredible consolidation of power.

While I agree it's hard to outlaw or regulate loss leading, since it seems to be a common go-to-market strategy, it prevents the smaller guys from competing. It allows those with the upper hand (more capital) to remain dominant and starve out the competition. And the feared result, could very well occur. I wouldn't trust the United States to regulate as heavily as it used to, especially under the purview of Donald Trump.