Deleted member 184142
I would maybe agree in a general sense, but oil is a commodity. High-end video cards are not. Not everyone can just start up a company that can compete with Nvidia, Intel, or AMD. Slightly different type of product. I agree with you that no one of these companies is going to just take over the market, jack prices into the stratosphere, etc. but I think it's more possible than it would be with your example.
The same can be shown for just about anything, that is how the market works, the ONLY times it happens and stays in place, is when they have control of the government regulation and the government is what is enforcing their power and control of the market. Intel, has been under no pressure from AMD for some time, yet accounting for inflation, have dropped prices on CPUs and given us more powerful and less power hungry CPUs even though we are getting very close to the limits of current tech. If they do not push, or keep prices the market will bare, people will not buy it, even worse than a raw commodity like oil, because people don't have to buy it. There are also many many companies already out there that have the ability and funds to jump into that market if the profit margin were to jump up, you don't have to have a new startup to get into it, as well, in this day and age, we have seen so many startups come into the fold with billions in startup backing, many of these companies not even having a real functional plan to monetize their service or product, where there is money to be made and large profit margins, there will always be investors.