3 ms·
> Google News doesn't have ads A traditional abuse of monopoly power is providing a good or service at a loss to gain control of a new market.
by pdkl95 7y ago
> Google News doesn't have ads
A traditional abuse of monopoly power is providing a good or service at a loss to gain control of a new market.
- bryanrasmussen 7y agohow long has Google news been running, I would think they had control of that market long ago if that's what they were aiming for.
- pdkl95 7y agoIndeed they have had control of that market for some time. Being a dominant position over a market generally isn't illegal, but most antitrust laws put restrictions on how that monopoly power can be used.
- qnsi 7y agoNo. In traditional sense it's having higher not lower price, forcing buyers to pay more. Monopoly by definition already has 100% of the market
- pdkl95 7y ago> it's having higher not lower price, forcing buyers to pay more. Exerting control over a market to raise prices is another traditional method for abusing monopoly power. This isn't what Google is doing re: news. The method I'm referring to is where Google uses their existing monopoly position in one market (search) to exert control over another market (news publishing). See "predatory pricing", "dumping". > Monopoly by definition already has 100% of the market That is one definition. Other definitions are based on having the power to control a market, which doesn't always require having a particular share of a market.