3 ms·

You haven't even said what a monopoly is, then gone ahead to explain why they must exist.

TheAdamAndChe 6y ago
You didn't define what a monopoly is either, so I kind of assumed you knew the definition... Monopoly: the exclusive possession or control of the supply of trade in a commodity or service. Of relevance too is a duopoly: a situation in which two suppliers dominate the market for a commodity or service. A complete and single monopoly isn't required for the market to start being inefficient and appear manipulated.
- daniel-s 6y ago
  Your definition places every single company in the world in the category of monopolist and is therefore absurd. Every single company sells a commodity or service different to their competitors. For example, McDonald's sells burgers, as do Burger King. It's arbitrary (and therefore not something that one could determine rationally) where the line is drawn about what will be considered a product or service. If you want to draw the line at Burger there is no monopoly. If you want to draw he line at Big Mac then McDonald's has a 100% monopoly. Is the line Big Mac specifically, burgers, food? No matter the company and what it sells, you will always be able to come up with a definition of their product narrow or wide enough to find that they sell 100% of that thing when you want to. An example: Epic's complaints about the app stores. Apple has a monopoly on app stores running on iPhones, but not on mobile devices, not on consumer computer devices, not on computer-based gaming devices, not on entertainment services generally. They could never stop people playing Fortnite, but you could always call Apple a monopolist if you chose your definition appropriately. Ultimately, the decision is arbitrary and up to the discretion of a bureaucrat. In the absence of a rational method to determine monopolies the decision becomes one of who the bureaucrat decides to shake down.
  - question000 6y ago
    Now you're just being silly.

You didn't define what a monopoly is either, so I kind of assumed you knew the definition... Monopoly: the exclusive possession or control of the supply of trade in a commodity or service. Of relevance too is a duopoly: a situation in which two suppliers dominate the market for a commodity or service. A complete and single monopoly isn't required for the market to start being inefficient and appear manipulated.

daniel-s 6y ago
Your definition places every single company in the world in the category of monopolist and is therefore absurd. Every single company sells a commodity or service different to their competitors. For example, McDonald's sells burgers, as do Burger King. It's arbitrary (and therefore not something that one could determine rationally) where the line is drawn about what will be considered a product or service. If you want to draw the line at Burger there is no monopoly. If you want to draw he line at Big Mac then McDonald's has a 100% monopoly. Is the line Big Mac specifically, burgers, food? No matter the company and what it sells, you will always be able to come up with a definition of their product narrow or wide enough to find that they sell 100% of that thing when you want to. An example: Epic's complaints about the app stores. Apple has a monopoly on app stores running on iPhones, but not on mobile devices, not on consumer computer devices, not on computer-based gaming devices, not on entertainment services generally. They could never stop people playing Fortnite, but you could always call Apple a monopolist if you chose your definition appropriately. Ultimately, the decision is arbitrary and up to the discretion of a bureaucrat. In the absence of a rational method to determine monopolies the decision becomes one of who the bureaucrat decides to shake down.
- question000 6y ago
  Now you're just being silly.