Blogger Doesn’t Understand “Monopoly”
Yesterday, at ExtremeTech, a writer wondered: “Android now powers 75% of all smartphones sold. Are we heading towards a Google monopoly?”
Well, I can easily answer this question for him:
No.
A monopoly, generally defined, is “the exclusive possession or control of the supply or trade in a commodity or service.”
Yeah, so no. That will never happen. Android will never have a monopoly.
Sebastian Anthony, cursed with two first names, ponders:
What will happen when Google has a monopoly of the smartphone market?
Well, Sebastian, since a monopoly means one seller, we won’t have to worry about that. Probably ever. We should, however, be more worried about oligopolies or cartels.
Can’t we get Sebastian an economics textbook, stat? Or maybe a monopoly game?
