Is YouTube A Monopoly?

What is an example of a monopoly?

A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes.

An unregulated monopoly has market power and can influence prices.

Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company..

Is Coca Cola a monopoly?

Coca-Cola, Pepsi, etc are not a monopoly. … Coca-cola and Pepsi do not have the pricing power of a monopoly and are in one of the most crowded industries in the world: no not soft drinks, but drinks. However, their size IS massive and they tend to smother upstarts through acquisition.

Is Disney a monopoly?

A monopoly is a company that has the exclusive possession or control of the supply of or trade in a commodity or service. Disney is not a monopoly because it has many competitors.

Is Walmart a Monopoly?

Walmart is not a monopoly. Kmart, Target, Costco, so many other stores compete with them. Your definition of monopoly is not correct. … Walmart controls no goods or service that can not be bought elsewhere.

Is Nike a monopoly?

Nike, Adidas, Reebok and many other brands all sell basketball shoes at approximately the same price. … Therefore, a Monopolistic Competition exists when there are many producers selling similar products to many consumers in a given market and no one company has total control and dominance.

Who is the biggest online retailer?

AmazonAmazon is the largest e-commerce retailer by online revenue in the world.

Does Netflix have a monopoly?

Netflix’s Monopoly to come to an End 07 February 2019. Yes! The monopoly of Netflix might end real soon. … If yes, then you might also remember how they created a huge monopoly for several years with over 27 million users around the globe.

Why Google is not a monopoly?

Google has not been accused or “charged with monopoly” because they are not one. Not by any possible stretch of the definition of the word, not in any area or service or software they offer. Google has no exclusive possession or control of anything. They just do things better than other companies.

Why Google is a monopoly?

Google is undoubtedly one of the largest and clearest monopolies in the world. In fact, the company monopolizes several different markets, including search and advertising. … One of the primary reasons smaller advertisers cannot compete is because they don’t have the user data Google has.

Is Microsoft a monopoly 2020?

Microsoft, A Monopoly No More. Apparently, justice will try to be swift now that Federal District Judge Thomas Penfield Jackson has declared that Microsoft maintained a monopoly in personal computer operating systems by anticompetitive means.

Is Google a monopoly?

One analyst says “there’s zero empirical evidence” that Google acts as a monopoly and does real harm, even though “60 Minutes” put the search engine back in the antitrust crosshairs. … But Google itself is afraid of competition — from giants like Amazon or from smaller start-ups, Pethokoukis said.

Is Amazon a monopoly?

Amazon has not been labeled as a monopoly by the Federal Trade Commission (FTC), though the agency is currently probing the company.

Is Home Depot a monopoly?

Home Depot is not a monopoly in the present and that could change if other hardware retailers merge or drop out of the business. … People have a choice to spend their money on hardware from Home Depot or other places.

Is FB a monopoly?

Facebook could be considered a monopoly that has too much power for three simple reasons: its dominant user base, its pricing power, and its lack of direct competition. … Facebook’s WhatsApp and Messenger apps rank third and fourth, respectively, in terms of users.

What company has a monopoly?

10 Companies You Probably Never Realized Had MonopoliesLuxottica. Most of us have never heard of Luxottica, and yet they’re the biggest manufacturer of glasses in the world. … Netflix. Netflix isn’t a monopoly yet, but they’re one in the making. … Unilever. Unilever is a true behemoth when it comes to everyday consumer needs. … YKK. … Monsanto. … Google. … Simmons Pet Food. … 3. Facebook.More items…•

Is Apple a monopoly?

Yes , Apple is a monopoly in my opinion because each of their devices has unique operating systems making them special from other android and windows devices.

Why is Microsoft a monopoly?

Why is/was Microsoft considered a monopoly? – Quora. Microsoft was considered a monopoly in the late 90’s because it had monopoly market power. It could set prices for users, and dictate behavior such as what other software manufactures could offer on their machines.

Who has the biggest monopoly?

Across industries, the U.S. has become a country of monopolies. Similarly, just four companies control 85% of U.S. corn seed sales, up from 60% in 2000, and 75% of soy bean seed, a jump from about half, the Agriculture Department says. Far larger than anyone — the American companies DowDuPont and Monsanto.