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by heavyset_go
1881 days ago
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Colloquial definitions of monopoly do not matter when it comes to antitrust laws[1]: > Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power — that is, the long term ability to raise price or exclude competitors. That is how that term is used here: a "monopolist" is a firm with significant and durable market power. -- > Apple phones make up only 13% of the phone market. iOS has 60% of the market in the US[2]. [1] https://www.ftc.gov/tips-advice/competition-guidance/guide-a... [2] https://deviceatlas.com/blog/android-v-ios-market-share |
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