Re:Amazon Is Testing Its Own Delivery Service to Rival FedEx...
by travmatt on Friday October 06, 2017 @05:00PM
(#15420450)
If one doesn’t believe that a market with only two companies could be competitive, they should consider Uber and Lyft. I wouldn’t be surprised if employees from each dressed up in war paint and brawled a la The Warriors.
I also disagree that limited competitors is the same as limited competition. The two may often be related but don't have to be. When two competitors have razor-thin margins because they're competing aggressively, there isn't a lack of competition. When 10 competitors somehow manage to keep their prices in sync and increase their margins over time, there is a lack of competition even though the number of competitors is high.
But I really don't care to debate definitions further. I chimed in to explain the disconnect between these two views on the meaning of the word "oligopoly". I don't personally care which you prefer.