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Monopoly is not defined by market share.
by turbinerneiter 6y ago
Monopoly is not defined by market share.
- frereubu 6y agoMonopoly (n) (an organization or group that has) complete control of something, especially an area of business, so that others have no share https://dictionary.cambridge.org/dictionary/english/monopoly https://dictionary.cambridge.org/dictionary/english/monopoly
- reaperducer 6y agoRolling out a dictionary definition works in seventh grade debate class, not in a court of law. Amazingly, hundreds of very thick books about what legally defines a monopoly are not the same as a single sentence from a web site.
- echelon 6y agoLet's let the Department of Justice decide.
- frereubu 6y agoI don't think you needed the snark. I was responding directly to the comment which says that a monopoly is not defined by market share. But that is exactly what a monopoly is defined as - it's the "mono" part in the word. If what the parent comment was talking about is not a monopoly, then they could have said that and pointed out what it is instead.
- mthoms 6y agoThe snark was uncalled for indeed. But keep in mind that there are legal definitions of some things, and those often differ greatly from the colloquial definitions we use from day-to-day.