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The other examples weren't really monopolies. AT&T was a monopoly, but there were other camera and film manufactures even in the Kodak days. Just because they'r
by djsumdog 9y ago
The other examples weren't really monopolies. AT&T was a monopoly, but there were other camera and film manufactures even in the Kodak days. Just because they're the biggest doesn't make them a monopoly.
Google is probably the closest to a modern day monopoly in many (but not all) markets. The competitors like DDG, Bing and Yahoo make up such a small percentage of the market share that Google has become the de-facto standard for search, unless you're in places like China and Russia.
I'm using the term loosely too, because technically a Monopoly is when only a single supplier exists on the market. Typically monopolies start out as government agencies (AT&T, Telstra, TelecomNZ .. telecos are great examples of this btw) but the rest are really relative monopolies. There are other suppliers, but they pale in market percentage (Microsoft was declared a monopoly by many EU courts even when people were still using macos).
- lerpa 9y agoNatural monopolies are like that. Artificial ones are either Govenrment enterprises or Government enforced taking what was initially natural one and making it into law, and tend to overstay their welcome because of that. Monopolies are good as long as they can be gone in the flip of a hat if people decide so.