YES well that's what HAPPENS when you institute price floors in the most naive possible way, without actually doing any of the further coordination steps that would let you act as an ACTUAL monopoly!  You get excess entry until all of the excess profits are being dissipated by the seeking of that excess profit, and buyers are doing sellers a service which gives them more negotiating power that they'll use on side frills!

YES well that's what HAPPENS when you institute price floors in the most naive possible way, without actually doing any of the further coordination steps that would let you act as an ACTUAL monopoly!  You get excess entry until all of the excess profits are being dissipated by the seeking of that excess profit, and buyers are doing sellers an implicit favor which gives buyers more negotiating power that they'll use on side frills!

YES well that's what HAPPENS when you institute price floors in the most naive possible way, without actually doing any of the further coordination steps that would let you act as an ACTUAL monopoly!  You get excess entry until all of the excess profits are being dissipated by the seeking of that excess profit, and buyers are doing sellers an implicit favor which gives buyers more negotiating power that they'll use on unregulated side frills!