For most people, this will LOWER prices since most people live in urban or suburban areas.
No it won't. The telecoms will work together to set prices and ensure that won't happen. You're nuts if you actually think a free market would regulate itself to the benefit of the public. Too many people get greedy and take advantage of situations.
Which is illegal and will get stopped. Why work together when I can take business from my competetion by being more affordable. That's the beauty of the free market: it helps everyone
No. Because then your competition undercuts you, knowing you'll undercut them. The route you end up taking is working with your competitors to keep prices high and divide customers between you.
Or I could just be the most affordable and then I don't have to divide customers, I can have them all. Which would force the competition to lower prices or fail. The invisible hand always works because ironically being greedy helps society
But then someone would just undercut you, you'd undercut them, rinse, repeat til profits are negligible. You all make a sizable profit when you make deals with your competitors at the expense of the public (which is happening now)
No, eventually we would all match a price that couldn't go any lower without losing profit. It's called equilibrium. It's the whole basis if supply and demand and economics. ---