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I am not a lawyer by any stretch, but I remember from conversations here recently about anti-trust, is that it all depends on how the "market" is defined. Appl
by mcphage 7y ago
I am not a lawyer by any stretch, but I remember from conversations here recently about anti-trust, is that it all depends on how the "market" is defined. Apple has a non-monopoly share of the smartphone market, or even the app market, but they do have a monopoly share of the iPhone market. Sometimes, that's the relevant metric.
- zepto 7y agoBy that logic, any manufacturer who doesn’t produce a commodity is automatically a monopolist.
- hrktb 7y agoThe metrics might be how far they are using their weight to one-up competition within their ecosystem. The same point has been raised with Amazon using its platform wide vision to see market trends and enter profitable niches with its own brand. There’s an effort to redefine anti-competitive behaviors within a platform, it might end up being called something else than anti-trust, but it’s a real effort.
- damnyou 7y agoNot just any arbitrary one, but certainly one that is big enough is a monopolist. This seems obviously true to me. The big insight from Lina Khan's work is that harm to consumer welfare is sufficient but not necessary for an entity to be a monopoly. Bigness itself is a problem for society.