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by littlecranky67
2899 days ago
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A monopoly is not defined by the possiblity that there are other products available for purchase on the market, but rather how many products have been purchased and are in use. Using your reasoning, Microsoft could never have had a monopoly on Windows because you always could have bought a Mac. |
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You can't define a monopoly as "your competitors aren't popular" because otherwise it'd be illegal to invent new product categories, as at the start you'd be the only player in the new space. You can't define it that way for another reason: it punishes success.