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this post was submitted on 27 Sep 2023
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Not a monopoly though?
Agreed on this one! In theory, there are lots of cable companies.
In practice, you actually only have one cable provider that provides service in your area.
Also not a monopoly in my area.
Don't get me wrong, I don't mean to defend any of the abusive practices of any of these industries. It's just that they're not monopolies.
Monopoly as used by professional economists doesn't refer to a literal 100% marketshare. It refers to distortion.