From: Tracy R Reed <[EMAIL PROTECTED]>
Todd Walton wrote:
> I wish people would use a more accurate word than "monopoly".
> Microsoft is not a monopoly.
How isn't it a monopoly? In law monopoly does not mean having literally
zero competition. It means effectively having zero competition.
It doesn't mean 0 competition in economics either. A monopoly means it has
monopoly power- the ability to change the market price by manipulating
supply, thus causing increased profits for themselves (at a cost of
deadweight loss to the economy). There are actually very few markets in the
US that aren't monopolies or monopolistic these days.
Gabe
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