| |||||||||||||
Secure Boot, No ThanksSecure Boot, No ThanksPosted Jan 7, 2013 22:17 UTC (Mon) by mpr22 (subscriber, #60784)In reply to: Secure Boot, No Thanks by Wol Parent article: The H Year: 2012's Wins, Fails and Mehs
To the OP - the best definition of "monopoly power" is "the ability to set a price above the marginal cost of production". This does unuseful things like saying that the Morgan Motor Company has a monopoly, which it doesn't in any meaningful sense.
(Log in to post comments)
Secure Boot, No Thanks Posted Jan 7, 2013 22:24 UTC (Mon) by apoelstra (subscriber, #75205) [Link]
>This does unuseful things like saying that the Morgan Motor Company has a monopoly, which it doesn't in any meaningful sense.
Can you elaborate? I've never heard of the Morgan Motor Company, and I thought the definition quite usefully cut through the irrelevant connotations that "monopoly" has.
Secure Boot, No Thanks Posted Jan 8, 2013 0:10 UTC (Tue) by anselm (subscriber, #2796) [Link]
IIRC, the Morgan motor company is a very small outfit that makes fancy cars. They can charge way more than »the marginal cost of production« because the people who buy Morgan cars, even though they would be perfectly able to get something like a Yugo at a cheaper price that would also let them drive from A to B, for whatever reason still prefer a Morgan car, and are happy to pay more than they otherwise would have to if their only interest was to obtain a car (any car).
|
|||||||||||||