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It's incredibly unreasonable. Economists roughly classify markets as monopoly (single seller), oligopoly (few, powerful sellers), and competitive markets. We ar
by bo1024 8y ago
It's incredibly unreasonable. Economists roughly classify markets as monopoly (single seller), oligopoly (few, powerful sellers), and competitive markets. We are talking about a monopoly that's sort of close to being an oligopoly. A more accurate term would be "just barely not as far as possible from competitive".
- tylerhou 8y agoI'm not saying the current state of affairs is reasonable (i.e. I'm saying that ISPs are currently monopolies). I'm saying that the FTC's proposed definition to determine whether there is competition in a coverage area is reasonable. One heuristic I'm using to support my claim is that the FTC's proposed definition implies there is still an ISP monopoly in the area in the picture I linked.
- bo1024 8y agoIt might start making sense to me if they didn't use the word "competition" but that word means something else.