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by dragonwriter 2604 days ago
> So, you're saying that you think what Internet Explorer is a great browser? Because everything Google did, Microsoft did (modulo monopoly lawsuit) back in its day.

But not vice versa, which is among the reasons the analogy is flawed.

> a monopoly doesn't need to own 100% of the market. What defines a monopoly is omnipresence and leveraging existing market imbalances to expand into other markets.

No, that's wrong. What defines a monopoly is absence of competition in practice (the common test for which is pricing power, which demonstrates whether the market sees “competitors” in a named market segment as actual competitors or players in isolated adjacent markets), not mere omnipresence. The leveraging you refer to is abuse of monopoly if a monopoly exists, not part of the what defines a monopoly.

1 comments

> No, that's wrong. What defines a monopoly is absence of competition in practice (the common test for which is pricing power, which demonstrates whether the market sees “competitors” in a named market segment as actual competitors or players in isolated adjacent markets)

Are you saying in practice Chrome has competition? Safari doesn't count by your definition since it's essentially an isolated adjacent market (with is also shrinking due to Android expansion).

> Are you saying in practice Chrome has competition?

Well, pricing power is a hard test, even in principal, to apply in a category of free products, but it does appear on first blush that feature changes between Chrome and it's competitors do induce movements of users between them, in both directions, so it does appear that there is competition in both directions even if Chrome over time is generally, on balance, winning. Actual competition analysis, though, would take lots of work.

What I was saying upthread, however, was not anything about UI a conclusion on whether Chrome has competition, but just a correction to the inaccurate definition of monopoly that was proposed.