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by ShrinkingWild
2603 days ago
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Back in its day, yeah. Then Microsoft got sued for providing it free with their OS instead of people having to wait for a long download or buying a browser. Internet explorer didn't keep up, so now it's not as good as it could be. Things change over time and that doesnt change the monopoly issues. This is the definition used by regulators so they can leverage government regulation against companies, pretty much because monopolies don't exist. The actual definition of a monopoly is a company that has exclusive control over a supply of a commodity or service, which Google doesn't have. Leveraging your existing, earned, market power isn't bad and wont work if the product it's being leveraged for isn't fit for purpose. Google's omniprescense has been gained by providing a service that everyone likes and wants to use. I don't see what's wrong with any of that. |
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By strict economic definition yes, but not in terms of legality. Sometimes it's enough for a company to have 35% of the market, for it to consider to be in a monopolistic position or to wield monopolistic power.
Also, Google has definitive monopolies when it comes to services such as video hosting, phone OS, email and even commodities such as a browser. A monopoly doesn't need to provide a service or a commodity at high price for it to be considered as abusing its position.
> This is the definition used by regulators so they can leverage government regulation against companies, pretty much because monopolies don't exist.
It is not. If that was the case, Microsoft couldn't be sued for anti-trust because it didn't own 100% of either desktop or web browser.
While Quora isn't a perfect source, I'd consider it more authoritative than your opinion. https://www.quora.com/When-do-you-consider-a-company-a-monop...