3 ms·
3-4 companies isn't a monopoly. Even if there's one company people are free to move. And broadband internet competes with mobile internet. This may sound somew
by yanderekko 4y ago
3-4 companies isn't a monopoly. Even if there's one company people are free to move. And broadband internet competes with mobile internet.
This may sound somewhat glib, but it's also glib to say that a person whose friends all primarily interact on say Facebook is not subject to comparable market power from Facebook.
- yunwal 4y ago3-4 companies in a market can exist and still have 1 company be a monopoly. There’s also the issue of renters not having the ability to switch carriers because their landlords won’t let an alternate ISP install in their building. Then, if you want anything resembling high speed internet, your options are even more limited. Only 25% of zip codes in cities have more than 1 provider that provides >25mbps. So, companies can still behave like monopolies even if there’s more than 1 ISP in their region.