A technological monopoly occurs when one company exclusively controls the right to sell a service or product. A company that holds a technological monopoly is free to set prices as high or as low as they want, due to the lack of competition in the given field. This debate is centered on the role of the government in the economy and whether tech companies have an incentive to self-regulate their innovative capabilities.
Tech monopolies have a financial incentive to innovate.
Tech monopolies must constantly innovate to develop products that the public will want to use.
The AT&T example
AT&T's monopoly in the 20th century allowed it to make technological strides.