4 ms·
And if only one company owned all the billboards in the world, that would be a monopoly too. Monopolies are traditionally assessed in terms of product categori
by hannasanarion 6y ago
And if only one company owned all the billboards in the world, that would be a monopoly too.
Monopolies are traditionally assessed in terms of product categories, not entire industries. Nobody ever said "standard oil isn't a monopoly, because you can also buy coal fuel"
- turtleturtle 6y agoAnd practically any company can build as many billboards as they want. Online ads aren't restricted by physical space. Google just happens to own most web traffic because they're really good at search.
- vharuck 6y agoMaybe a better analogy is Google owns the biggest road system (search) and all land beside it for billboards (ads). Very few people use other road systems. Now, one might say "But users can choose other search engines." But users are the resource, not the customers. Right now, Google controls most of these resources. And the very nature of search means they're not sharing access with competitors.
- cortesoft 6y ago> And if only one company owned all the billboards in the world, that would be a monopoly too. You mean clearchannel? (Now iHeartRadio)