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JPEG is Dying - And that's a bad thing | 2kliksphilip
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this post was submitted on 06 Aug 2024
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Technology
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Monopolies don't require 100% of a market. Just enough to effectively manipulate a market.
One firm might only be 10% of a market. But if every other firm is only 1-2%, that 10% will have an outsized monopolistic ability to manipulate that market.