Earlier quoted context omitted.
Could you expand on that point please because my understanding of the term monopoly, " the exclusive possession or control of the supply of or trade in a commodity or service. " would align with the point the other commenter is raising. Some independent stores simply aren't interested in being the monopoly in their local area for their particular product. Sometimes they just run the business because its a product the…
> Could you expand on that point please because my understanding of the term monopoly, "the exclusive possession or control of the supply of or trade in a commodity or service." would align with the point the other commenter is raising. pbhjpbhj's comment implies that by addressing a niche market, you would avoid the drive to monopolize. I'm arguing that if you are addressing a niche market, you are working to monopo…
That's pretty much what a monopoly is, and even in your niche, not everyone wants to be a monopoly.
I have a friend who runs a small craft beer bar. Another craft beer bar is going to open two doors down. To him this is great - the area becomes known for craft beer and more people come along. There is no monopoly there.
>> For example, Microsoft has a monopoly (in this case a government one) on producing Microsoft Windows, but Microsoft Windows is not the only PC operating system.
But they tried to make it that way, and came close for a while. That's the time period they had various anti-competition lawsuits aimed at them.
This is what most people are talking about when they are talking about monopolies, and it's clear that not every business aims to be one.