4 ms·

I understand ; one that hold this opinion must believe that every service that he uses is a pure monopoly then

• Spivak 8y ago
  That's only true in a world where everyone has the same preferences. People don't drink Pepsi because they think Coke needs competition, they drink it because they like the taste.
  • ttoinou 8y ago
    Of course, I meant for example if this consumer thought Coke is a bad monopoly that should be broken that would be a little bit illogical to me, because there's Pepsi and other soda. Remember the great great parent just said that Opera is not a competitor to Chrome, which is really really an odd statement
    • Faark 8y ago
      Why have some people here such a hard time acknowledging that strong network effects can be one form of market failure? A network effect is a classical prisoners dilemma / tragedy of the commons / whatever it's called for everyone but the few involved making money... youtube and publishers. The "market" will have a hard time fixing itself. As with other market failures, it will probably only happen because of regulation, or the threat thereof.
      • ttoinou 8y ago
        It's not. There's no prisoners dilemma and tragedy of the commons have all to do with difficulties in setting property rights, not related to market failure