Quote:
Originally Posted by afa
.
Or am I misunderstanding the debate in question?
|
Quote:
Originally Posted by DiapDealer
No, you definitely have the gist of it.
|
Yep, it's like Coke claiming a monopoly on soda-pop.
Wiki:
A monopoly (from Greek monos / μονος (alone or single) + polein / πωλειν (to sell)) exists when a specific person or enterprise is the only supplier of a particular commodity. (This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few entities dominating an industry)[1][clarification needed] Monopolies are thus characterised by a lack of economic competition to produce the good or service and a lack of viable substitute goods.[2] The verb "monopolise" refers to the process by which a company gains much greater market share than what is expected with perfect competition.