Is Google a monopoly?
According to some statistics, Google controlled nearly 70% of the US search market and 90% of UK searches. From this angle, clearly Google is a monopoly.
But it lacks 2 characteristics that are usually associated with monopoly:
charging excesively for its products (Google products are practically free)
and
insurmountable barriers of entry for new entrants (new entrants can come into the market and compete with Google)
So what do you think?
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