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Sure, but that's the example of monopolies facing competition when they turn bad. Sometimes that takes a new platform shift, other times its just a better produ
by manigandham 7y ago
Sure, but that's the example of monopolies facing competition when they turn bad. Sometimes that takes a new platform shift, other times its just a better product, but either way if there's new value then the monopoly breaks down.
I think if anything, the problem today is companies that could be challengers just end up selling to the very incumbent they're competing against.
- pushpop 7y agoIn the instances you’ve described where “monopolies” haven’t dominated the market, they were not actually monopolies because they didn’t have total ownership of the market. A company can be a tech giant and still not be classed as a monopoly. Which are the kind of examples you’re think of.