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I wanted Epic to win too, but c'mon, 57% market share is not a monopoly.
by cwp 3y ago
I wanted Epic to win too, but c'mon, 57% market share is not a monopoly.
- thfuran 3y agoIn the UK, that's over twice the minimum threshold for monopoly power.
- pb7 3y ago"Monopoly power" is not a monopoly and in the UK, public schools are actually private schools, so maybe we shouldn't compare terminology across countries.
- laxd 3y ago"...maybe we shouldn't compare terminology across countries." That sounds like cromulent use of HN.
- zarzavat 3y agoThat’s because competition/antitrust law, be it UK, EU or US, doesn’t care about whether an entity is a “monopoly” or not. It cares about whether a company is engaging in anticompetitive practices or not. The market share is a red herring.
- stale2002 3y ago> "Monopoly power" is not a monopoly Fortunately, "monopoly" isn't the thing that the law cares about. Everything to do with anti-trust law, and competition laws, is not about monopolies, and is instead about monopoly power. > so maybe we shouldn't compare terminology across countries Feel free to look at the the FTC says about this topic then. It to applies to companies with monopoly power, and not literal monopolies. https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined https://www.ftc.gov/advice-guidance/competition-guidance/gui... "Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power"