this post was submitted on 01 Apr 2024
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[–] Fiivemacs@lemmy.ca 16 points 6 months ago (1 children)

That's usually how monopolies works

[–] slazer2au@lemmy.world 1 points 6 months ago (2 children)
[–] Fiivemacs@lemmy.ca 2 points 6 months ago

Give it time..

[–] Maggoty@lemmy.world 2 points 6 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.