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>A monopoly simply has to have significant influence on supply of a good. In the UK that can be as low as a 30% market share. A monopoly has economic control o
by forgetsusername 11y ago
>A monopoly simply has to have significant influence on supply of a good. In the UK that can be as low as a 30% market share.
A monopoly has economic control of the supply of a good or service, no competition and hence pricing power.
Having "significant market share" and zero pricing power in an intensely competitive market is not a monopoly, regardless of how SV has decided to co-opt the word.