Steam Has 70% Of Digital Distribution

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FreeTalkLive said:

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.

Where are you getting this?  The economic definition used commonly used (almost exclusively in my experince) means exclusive...  As you likely know, monopolies are exteremly rare except when granted by a government.  So usually, a monolopy is a government granted exclusive...

http://www.thefreedictionary.com/monopoly

1. Exclusive control by one group of the means of producing or selling a commodity or service

2. Law A right granted by a government giving exclusive control over a specified commercial activity to a single party.

3.

a. A company or group having exclusive control over a commercial activity.

4. a. Exclusive possession or control

http://www.answers.com/topic/monopoly-1

Lots of stuff here.

http://www.businessdictionary.com/definition/monopoly.html

Market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted.

http://dictionary.reference.com/browse/monopoly

1.	exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.

2.	an exclusive privilege to carry on a business, traffic, or service, granted by a government.

3.	the exclusive possession or control of something.

Look, this is the theoretical definition, and like you said it´s very rare. What I´m talking about is a virtual Monopoly, where the company bahaves like a monopoly, because of it´s advantages in the market. What I described is the behaviour of a monopoly company, as it is in Varian, 24 chapter.