Yeah I should think so. edit: I don’t use this category of tools so for the sake of argument I will assume your assertion on Mitutoyo’s monopoly is accurate.

Without serious competitors, Mitutoyo has little reason to push the boundaries of performance or reduce costs further. Monopolies can result in complacency, where companies become gatekeepers rather than innovators.

In this case Mitutoyo may have a fine product but the monopoly introduces a systemic risk of lack of innovation or price gouging.

You’re assuming the market has chosen rationally but economic conditions, patent legacies, and lack of competition might simply be symptoms of market failure rather than optimal outcomes.