Kasz216 on 25 November 2009
| aavidbacon said: Actually, a Monopoly is when a company has so much control over the Market that it can disregard the prices and quantity that other companies provide, since the comany itself determines the market price, because of it's size. That's the economical definition. A monopoly can only exits on a market with entry barrier or blocks, since in an open market, the tendency is to competitors come until the monopoly is over. I reckon Steam is a monopoly given brand recognition, since most people who Download legal games know steam, and goes there first for games, reinforcing the company market power. |
No. A monopoly is when you hold a bunch of land next to each other, build really expensive rental properties and then force anyone who stands still outside of them for a few minutes to rent the house for a day at gunpoint.
