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Comment by sushid

That's a poor way of trying to weasel out of the actual definition of monopoly, which is defined as "a company or group having exclusive control over a commodity or service"[0].

What you're describing is a substitute good. When the "choice" is to not purchase said product/service and look to alternatives, you're literally describing the effect of a monopoly.

[0] http://www.dictionary.com/browse/monopoly

parent sushid 9 years ago

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