[citation][nom]blazer_123[/nom]I highly recommend you actually learn what a monopoly means. Here is a good intro
http://en.wikipedia.org/wiki/Monopoly and by all means read an microeconomic textbook. In a monopoly you have a FREE CHOICE not to buy a product. But the price of the product is NOT determined by supply and demand. The price of MS office is NOT deteremined by supply and demand. The office suite market is not even an oligopoly. You obviously have no understanding of the terms your using. If what you said was true then neither oligopolies or monopolies would exist.For the same reason Intel is considered a monopoly in the CPU business even though it roughly controls 'only' 80% of the market.Free will on the part of the consumer doesn't have anything to do with this conversation. It is an issue of producers.[/citation]
If there was something better, people would buy it.
This is from the article you linked:
"There are important points for one to remember when considering the monopoly model diagram (and its associated conclusions) displayed here. The result that monopoly prices are higher, and production output lower, than a competitive firm follow from a requirement that the monopoly not charge different prices for different customers. That is, the monopoly is restricted from engaging in price discrimination (this is called first degree price discrimination, where all customers are charged the same amount). If the monopoly were permitted to charge individualized prices (this is called third degree price discrimination), the quantity produced, and the price charged to the marginal customer, would be identical to a competitive firm, thus eliminating the deadweight loss; however, all gains from trade (social welfare) would accrue to the monopolist and none to the consumer. In essence, every consumer would be just indifferent between (1) going completely without the product or service and (2) being able to purchase it from the monopolist."
You HAVE a choice. You can open Word documents and Power Points just fine in Word Perfect and Open Office. (iWork actually pretty much sucks, in my opnion.) You have choices - you don't have to "go without" any type of office suite software. I think if there was something better, the market would shift in that direction. Look at how our automobile market has shifted to foreign models, even to the extent that those foreign companies now build their own factories here. When someone produces a vehicle with better quality and better reliability for a similar or better price, it will be purchased. In this sense of the term, and in the beginning of the definition of Wikipedia's description of monopoly it seems to fit. But that huge market share is because the competing products, even though they do 95% of the work, according to you, fall short in other areas. By your logic if it's 95% as good, then there IS no monopoly. If it's 95% as capable and it's the same type of product then that all of a sudden provides OPTIONS which would not normally exist in a true monopoly.
Now the article does point out that a monopoly can form even through no fault or intentional malice of the company due to a combination of factors, but I would definitely not call this a
coercive monopoly.