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Re:Congress' push to regulate Big Tech is fizzling out by seneca on Thursday July 21, 2022 @09:51AM (#32179377)
By this logic every company is a monopoly, as they have a monopoly on their own product.
Re:Congress' push to regulate Big Tech is fizzling out by Apocryphon on Thursday July 21, 2022 @12:47PM (#32181625)
> Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power — that is, the long term ability to raise price or exclude competitors. That is how that term is used here: a "monopolist" is a firm with significant and durable market power. Courts look at the firm's market share, but typically do not find monopoly power if the firm (or a group of firms acting in concert) has less than 50 percent of the sales of a particular product or service within a certain geographic area. Some courts have required much higher percentages. In addition, that leading position must be sustainable over time: if competitive forces or the entry of new firms could discipline the conduct of the leading firm, courts are unlikely to find that the firm has lasting market power.

> Obtaining a monopoly by superior products, innovation, or business acumen is legal; however, the same result achieved by exclusionary or predatory acts may raise antitrust concerns.

https://www.ftc.gov/advice-guidance/competition-guidance/gui...

Re:Congress' push to regulate Big Tech is fizzling out by ls15 on Thursday July 21, 2022 @10:16AM (#32179692)
Most other products cannot run apps. There is no alternative supplier of iOS devices so that people can run the apps that they bought from other companies via the Appstore.