3 ms·

Europeans must be on the right track if the monopolists are complaining

• TulliusCicero 7y ago
  Did the definition of monopoly change while I wasn't looking? There are no cloud monopolists; there are major players, but nobody has a monopoly.
  • deleted 7y ago
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  • rad_gruchalski 7y ago
    Correct. The right term to use here is oligopoly.
    • bilbo0s 7y ago
      And considering that they all meet up at conferences and the like, we might even want to toy with the term "cartel". But yeah, calling them monopolies is altogether incorrect.
      • TulliusCicero 7y ago
        They are very obviously competing with each other. Every industry has conferences that all the big players go to, it doesn't mean they're illegally cooperating.
  • lovich 7y ago
    A strict definition of a monopoly says there is only one seller, but in reality monopoly power is a spectrum. When someone calls a company a monopoly they are claiming that they have the power to unilaterally set prices beyond what a competitive market would bear. http://www.businessdictionary.com/definition/monopoly-power.html http://www.businessdictionary.com/definition/monopoly-power....
• deleted 7y ago
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