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No. In traditional sense it's having higher not lower price, forcing buyers to pay more. Monopoly by definition already has 100% of the market
by qnsi 7y ago
No. 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.