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Your assuming the sellers are not cooperating with each other.
Sure, at first it could be like that, but as time goes on, those 10 people would either form a group, merge into a few or just one, or even just at one point suggest to each other to keep a certain price.
My point is, there is no guarantee that the sellers would play by the “ideal rules” when they just have one goal.
I mean it's technically illegal, but then so are a lot of things.
Another thing that they could do that I just realized is following bad examples.
Once there are established players and one of them is big enough, it would just do a anti consumer practice for the sake of better profits, once competition notices sales didn’t drop significantly, competitors follow suite.
A great real world example is the headphone jack, replaceable phone batteries and the screen notch.