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by Spivak
2103 days ago
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If the only thing the word "monopoly" does is spark a discussion about the word then why use it? Why is it so important that Google be a monopoly for their behavior to be bad? Do we really have no other words to describe business practices that we don't like? |
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There are other words, but it is a bit of a mouthful.
Because of these exact issues, the way that I describe the situation is usually as follows "Company X has significant market power, and is engaging in anti-competitive actions".
I have yet to have someone object to that definition.