Maven (famous)@lemmy.world to News@lemmy.world · 10 months agoApple has kept an illegal monopoly over smartphones in US, Justice Department says in antitrust suitwww.independent.co.ukexternal-linkmessage-square54fedilinkarrow-up1356arrow-down19
arrow-up1347arrow-down1external-linkApple has kept an illegal monopoly over smartphones in US, Justice Department says in antitrust suitwww.independent.co.ukMaven (famous)@lemmy.world to News@lemmy.world · 10 months agomessage-square54fedilink
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minus-squareji17br@lemmy.mllinkfedilinkarrow-up4arrow-down1·10 months agoIt’s in the title, the justice department said that. There’s no way they are a monopoly.
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minus-squaremindbleachlinkfedilinkarrow-up1·10 months agoMonopoly doesn’t mean “zero choices.” It’s market dominance that prevents fair competition. At its peak, Standard Oil only accounted for 85% of domestic sales. Other oil companies were plentiful. They just didn’t matter.
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It’s in the title, the justice department said that. There’s no way they are a monopoly.
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Monopoly doesn’t mean “zero choices.” It’s market dominance that prevents fair competition.
At its peak, Standard Oil only accounted for 85% of domestic sales. Other oil companies were plentiful. They just didn’t matter.