SamuelRSmith said:
9Chiba said:
SamuelRSmith said: I think I'm right in saying that the 360 is the only console to gain marketshare over the past year? Which is very interesting.
Also interesting to note that according to UK law, Microsoft is very close to a monopoly position (above 30%) |
... do you even know what monopoly means? if youre thinking oligopoly, microsoft already has that position
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Yes, I do. A firm technically holds a monopoly if it has greater than 30% of the market (under UK law), however, that usually applies to firms who operate in markets with a large number of competitors (like supermarkets, for example, Tesco is said to have a monopoly position over the market, yet it only has ~31% share of the market).
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theres a difference between monopolistic competition and monopoly. look it up. microsoft, even at 30% of the marketshare will not be able to:
price consoles so that consumers will have no choice but to buy theirs
limit the supply of game consoles to jack up the price
create barriers of entry so others will not be able to create a competing console
combine their product with other products to force consumers to buy unnecessary things
and 30% of the marketshare would make sense for monopolistic competition, where a bunch of different companies have similar products and are rallying for the top position, oligopoly, where a small collective of companies control the bulk of the market share, not a monopoly, where one company controls enough of the market share to do any of the above.
if you mean monopoly on the Xbox, well, duh.