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Those cases don’t fit the standard definition of a monopoly. A monopoly is “a situation where there is a single seller in the market” (OECD). In both those case
by daydream 4y ago
Those cases don’t fit the standard definition of a monopoly. A monopoly is “a situation where there is a single seller in the market” (OECD). In both those cases many alternatives exist using a reasonable market definition. Just because a company has pricing power doesn’t mean it’s a monopoly.