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That would be similar to the dozens of Android phone brands. But new industries sometimes start that way, but eventually shake out into an oligopoly.
by incompatible 7y ago
That would be similar to the dozens of Android phone brands. But new industries sometimes start that way, but eventually shake out into an oligopoly.
- ggm 7y agoBut new industries sometimes start that way, but eventually shake out into an oligopoly. The Herfindahl–Hirschman Index might say that's enough functional competition to sustain a good outcome. It depends. It's why we have in ICE engines anyway these days.
- simonh 7y agoI think cars are a bit different. Mobile phones all look the same and function largely the same and are used in similar use cases. The environments cars are used in, patterns of usage and level of customisation people care about are incredibly diverse. Apple has a massive market share with just a few phone models with limited options on each, but all the major car makers have many, many models each with endless customisations. The market supports enormous diversity.