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>> It's not technically a monopoly What is the technicality? It's certainly a monopoly in layman's terms. Is the technicality monopsony? IE, the fact that Spo
by dalbasal 4y ago
>> It's not technically a monopoly
What is the technicality? It's certainly a monopoly in layman's terms.
Is the technicality monopsony? IE, the fact that Spotify have more power over artists than consumers? Is it the fact that there are other streaming services in existence, and spotify has <100%.
I feel like people can specify "textbook-monopoly," if they need to use a hyper-strict definition of one kind or another. For regular conversation, the common definition of the term works fine.
- yobbo 4y agoThere are many alternatives to Spotify.
- dalbasal 4y agoThat's not the definition of a monopoly, unless we're describing some sort of textbook/theoretical concept. Spotify are certainly a monopsony in their relationship to artists/studios. The whole business model depends on and assumes market power. They're absolutely a monopoly in normal language.