It will be equivalent to society if the private company persists with their subsidized prices. Consumers will stop reaping the price benefits once the private company becomes a monopoly, and changes their prices accordingly.
You can say, well, the pie is fixed and it's just a matter of who gets a bigger of slice of the pie. Consumers or VCs. Is is it equally good to "society" if consumers get a smaller slice of the pie when the private company charges monopoly prices and their owners benefit?
You can say, well, the pie is fixed and it's just a matter of who gets a bigger of slice of the pie. Consumers or VCs. Is is it equally good to "society" if consumers get a smaller slice of the pie when the private company charges monopoly prices and their owners benefit?