Gee, thanks for the lesson, Prof!

I said I hated it, not that I did poorly in it... I guess I must have missed the day they discussed utopian society though: When we start living in Neverland, that might happen. Last I checked, we weren't there. All other factors being equal, the lowest price wins. That is the nature of competition. Strive to provide a better product at a better price. And what exactly is the point of competition? Oh yeah, to WIN, and hope to be the last standing, as a monopoly in a competition-free environment.
I understand Thurston and Lovey aren’t shopping in the bargain basement, but they also didn’t get rich by being stupid with their money.
One thing you said rings true - though you probably didn't intend it exactly this way, since it's the flip-side of your point: Lack of competition, while it may result in higher salaries (a la regulation-era airlines), most likely will result in complacency and a degredation of service. However, if you're the only game in town that won't really matter, will it (until another upstart comes along - deja vu)?
By the way, what exactly in what you quoted of me was incorrect? I need to go back and correct my notes...