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Right, but when it comes to selling software to people who have iPhones — there's a market for that, right? — Apple clearly has a monopoly in that market. Imo

• nodamage 6y ago
  > Right, but when it comes to selling software to people who have iPhones — there's a market for that, right? — Apple clearly has a monopoly in that market. Sure. I also have a monopoly in the market of "selling lemonade on my front lawn". Is that a meaningful distinction? > Imo it's more like saying, "Foocorp in the US doesn't have a monopoly, since you can always move to Canada and buy from BarCo or one of its competitors there!" Well, Foocorp is still the only seller in the US, so they have a monopoly in that market. No one would consider moving to another country a realistic alternative. So in that situation, yes, there is a monopoly because the consumer does not have a realistic alternative. If a gas station is the only gas station in the city, then it too would have a monopoly in that city, because driving to the next city every time you needed gas is not realistic.