The Company is ahead of all its competitors like Google+, Twitter, etc. Facebook with its huge chunk of market share almost has a monopoly in this business.
Social media is the new market in the current century while the users are offered free services, the Companies earn from the advertising revenue. Due to its monopolistic activities for service as essentials telecommunication, the Company was forced to split into six subsidiaries called Baby Bells. and it was found to be violating the antitrust laws. In 1982, AT&T a telecommunications firm was the sole supplier of telephone services across the whole U.S. A casino in Genting Highlands, Malaysia held an exclusive patent for legalized casino and it enjoyed the legal monopoly for years in Malaysia. During the time the patent is in force no other Company can use its invention for its own purposes. Patents provide a legal monopoly to a Company albeit for a short period of time. The Company has left its competitors – Yahoo and Microsoft behind with its innovation and technological advancement. The Company has grown into a web of services interlinked with each other like the maps, Gmail, search engine, etc. The biggest web searcher with their secret algorithm controls more than 70% market share. Google has become a household name and whenever we don’t know any answer probably googling is the answer. So, when people consume different Beers they are paying a single Company in a sense. While these beer names are different and have a different composition to give a different taste, however, they belong to a single Company. Monopoly Example #4 – AB InBevĪB InBev – A Company formed by the merger Anheuser-Busch and InBev distributes over 200 types of beer including Budweiser, Corona, Beck’s, etc. It holds more than 75% market share and is the market leader and virtual monopolist in the tech space.
Microsoft – Microsoft is a Computer and software manufacturing Company. Luxottica produces more than 80% of the eyewear worldwide.
This creates an illusion in the mind of the customer that they have a variety of sunglasses to choose from although they are all manufactured by one Company. The Company has bought almost all the major eyewear brands however, they are still named differently. Luxottica – A Company that owns all the major brands of sunglasses. However, the price of the tickets is reasonable so that public transport can be used by the majority of people. Hence, they are a monopolist in the sense that new partners or privately held Companies are not allowed to run railways. Public services like the railways are provided by the government.