Comment Re:The Apple Monopoly (Score 1) 142
Apple's position is supported by the market. Enough people want to buy Apple's computers, as they stand now, to keep Apple in business.
Monopoly implies an attempt to control the market, to manipulate the common market to do something only in the interest of the monopolist.
So company Y might make a great system with unique features. But that doesn't stop you from buying any computer and doing any math routine you want. So Company Y doesn't have a monopoly on computers. Those unique features of company Y's products are merely the differentiation that makes them appealing. That's a perfectly acceptable economic idea.
Its why all food of a certain type doesn't cost the same. If company Z grows tomatoes with a special fertilizer, packages them in a lined can and calls them "Tasty" tomatoes, they can charge more than raw tomatoes, but it doesn't stop you from growing and selling tomatoes. If company Z threatens and attacks others who start growing tomatoes and compels them to stop, to keep their pricing power up. Then a monopoly exists.
Monopoly is an Economic term, misusing or over using it distorts your message.
Monopoly implies an attempt to control the market, to manipulate the common market to do something only in the interest of the monopolist.
So company Y might make a great system with unique features. But that doesn't stop you from buying any computer and doing any math routine you want. So Company Y doesn't have a monopoly on computers. Those unique features of company Y's products are merely the differentiation that makes them appealing. That's a perfectly acceptable economic idea.
Its why all food of a certain type doesn't cost the same. If company Z grows tomatoes with a special fertilizer, packages them in a lined can and calls them "Tasty" tomatoes, they can charge more than raw tomatoes, but it doesn't stop you from growing and selling tomatoes. If company Z threatens and attacks others who start growing tomatoes and compels them to stop, to keep their pricing power up. Then a monopoly exists.
Monopoly is an Economic term, misusing or over using it distorts your message.
