4 ms·
Isn't that definition a bit flawed? By this logic, wouldn't Google's search product and their industry be economically unprofitable? The number of search firms
by hunter23 8y ago
Isn't that definition a bit flawed? By this logic, wouldn't Google's search product and their industry be economically unprofitable? The number of search firms is not climbing (in fact its dropping) but Google's search business makes lots of profit (and growing).
- mmt 8y agoYour counter-example describes profit/growth due to monopoly. Perhaps the parent meant a distinct defintion, for a competitive industry.