We need to kill this popular myth. Monopoly power is not defined by an actual monopoly. Those are exceedingly rare. Monopoly power is far more common. Talking about the exact number of companies in an industry is misleading at best when trying to talk about anti-competitive and rent seeking behaviors.
That’s usually how monopolies works
So duopoly?
Give it time…
We need to kill this popular myth. Monopoly power is not defined by an actual monopoly. Those are exceedingly rare. Monopoly power is far more common. Talking about the exact number of companies in an industry is misleading at best when trying to talk about anti-competitive and rent seeking behaviors.