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A comment on Why Facebook Keeps Beating Every Rival: It’s the Network. Parent comment

Re:Why Facebook Keeps Beating Every Rival: It’s the Network by xapata on Thursday April 20, 2017 @01:39PM (#14158936)
Monopolies maximize profit by setting a price greater than the market clearing price, causing a lot of unmet demand.
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Re:Why Facebook Keeps Beating Every Rival: It’s the Network by wbl on Thursday April 20, 2017 @02:27PM (#14159381)
Except that price must be below what competitors will offer.
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Re:Why Facebook Keeps Beating Every Rival: It’s the Network by chasing on Thursday April 20, 2017 @02:32PM (#14159445)
No. This is the problem with monopolies. They use other advantages to win markets without competing on price, features, or innovation. It's harmful to consumers.
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Re:Why Facebook Keeps Beating Every Rival: It’s the Network by xapata on Thursday April 20, 2017 @11:35PM (#14162924)
A monopoly by definition has no competitors.
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Re:Why Facebook Keeps Beating Every Rival: It’s the Network by wbl on Friday April 21, 2017 @01:59AM (#14163397)
Yes it does! It has all the competitors that could and would be started if prices rose.
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Re:Why Facebook Keeps Beating Every Rival: It’s the Network by xapata on Friday April 21, 2017 @09:45AM (#14165522)
You're counting hypothetical competitors? So how do you propose measuring how many competitors there are in a particular market? With that definition, there are an infinite number even if I can currently purchase from only one vendor.
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