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by BartjeD 181 days ago
A monopoly is measured in a given market by marketshare.

Ofcourse the existence of 10 alternatives is meaningless if they count for 0.01% of given market section. Lol

1 comments

Find any definition of "monopoly" and it should be pretty clear that it's not merely marketshare but the active manipulation of markets and market conditions to produce that marketshare.

    > A monopoly is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit.
^ Wikipedia def is a prime example (https://en.wikipedia.org/wiki/Monopoly)