"Australia's airports are monopolists This situation has arisen because Australia's airports are, indisputably, monopoly operators. It is widely accepted that a private monopolist, as the sole producer of a service, is able to "use its market power to set prices that exceed costs, to the detriment of economic efficiency and social welfare." Regulation is intended to ameliorate these effects." "Airport privatisation has not delivered anticipated benefits Privatisation of Australia's airports promised to offer many benefits: more efficient management of assets, investment, and downward pressure on prices and airfares. Yet, in the absence of an effective regulatory regime, airport privatisation has ultimately resulted in higher costs for users: both airlines and passengers. This is starkly illustrated in the ACCC's most recent Airports' Monitoring Report." #CdnPoli #Privatization #Monopolization #Suckers