We need to kill this popular myth. Monopoly power is not defined by an actual monopoly. Those are exceedingly rare. Monopoly power is far more common. Talking about the exact number of companies in an industry is misleading at best when trying to talk about anti-competitive and rent seeking behaviors.
Fiivemacs@lemmy.ca 9 months ago
That’s usually how monopolies works
slazer2au@lemmy.world 9 months ago
So duopoly?
Maggoty@lemmy.world 9 months ago
We need to kill this popular myth. Monopoly power is not defined by an actual monopoly. Those are exceedingly rare. Monopoly power is far more common. Talking about the exact number of companies in an industry is misleading at best when trying to talk about anti-competitive and rent seeking behaviors.