Steam is pretty much a monopoly because I expect something like 90% of pc game sales go through them. The thing is that being a monopoly is not necessarily bad, or illegal. It is abusing your monopolistic power to exploit consumers that is. Steam doesn’t generally seem to do that
Oh yes I see it now. You posted it right after my response. And I do agree with what you say there. I however do believe that the destinction between a true monopoly and a dominant market position such as steam has is essentially irrelevant in this context. In a market economy you would expect very few (or even no ? ) true monopolies except those run by the state. And not being a true monopoly doesn’t stop dominant firms from being able exploit monopolistic powers.
However my point is that steam doesn’t exploit it’s market position while it could definitely choose to. On that we seem to agree I think
Steam is pretty much a monopoly because I expect something like 90% of pc game sales go through them. The thing is that being a monopoly is not necessarily bad, or illegal. It is abusing your monopolistic power to exploit consumers that is. Steam doesn’t generally seem to do that
See my other comment. You appear to have confused a monopoly with a dominant market position.
Oh yes I see it now. You posted it right after my response. And I do agree with what you say there. I however do believe that the destinction between a true monopoly and a dominant market position such as steam has is essentially irrelevant in this context. In a market economy you would expect very few (or even no ? ) true monopolies except those run by the state. And not being a true monopoly doesn’t stop dominant firms from being able exploit monopolistic powers.
However my point is that steam doesn’t exploit it’s market position while it could definitely choose to. On that we seem to agree I think