> A company facing market dynamism, price competition... Is unlikely to be investing billions in speculative r&d, for example.
The comparison to manufacturing isn't necessary because this seems to be contradicting by much of tech history itself. Plenty of companies have spent plenty of billions on R&D to outpace their real competitors.
If we're to update our view of monopoly (and I agree we should) it should be to clamp down on them even more.
The comparison to manufacturing isn't necessary because this seems to be contradicting by much of tech history itself. Plenty of companies have spent plenty of billions on R&D to outpace their real competitors.
If we're to update our view of monopoly (and I agree we should) it should be to clamp down on them even more.