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Do you have an economic or legal reference for that definition of "monopoly"? Since search engines are all free to use, many of the criteria of a monopoly seem
by ams6110 9y ago
Do you have an economic or legal reference for that definition of "monopoly"?
Since search engines are all free to use, many of the criteria of a monopoly seem hard to apply, but the classic defintions I'm familiar with include things such as "no reasonable substitute" which is not the case for Google Search.
- icebraining 9y agoCourts 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. https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined https://www.ftc.gov/tips-advice/competition-guidance/guide-a...
- bluGill 9y agoFrom wikipedia The lowest yet market share of a company considered "dominant" in the EU was 39.7% Google is dominate for sure.