I basically disagree with the idea that the US FTC gets to decide what the word ‘monopoly’ means. I also think that having a high market share doesn’t mean you face competition—indeed, it can mean that you’re winning the competition.
Re: Apple, it may have a monopoly on iOS app distribution, but when people are considering what phones to buy, they get to choose between iPhones and iOS apps and Androids with Android apps. Admittedly, there’s some friction in changing from one to the other.
I basically disagree with the idea that the US FTC gets to decide what the word ‘monopoly’ means. I also think that having a high market share doesn’t mean you face competition—indeed, it can mean that you’re winning the competition.
Re: Apple, it may have a monopoly on iOS app distribution, but when people are considering what phones to buy, they get to choose between iPhones and iOS apps and Androids with Android apps. Admittedly, there’s some friction in changing from one to the other.