Valve’s Steam monopoly is real, and it’s the one gamers chose
By this stage, Steam's supposed "monopoly" is a rather familiar debate. There's a range of people who engage in these conversations: those who outright deny the existence of Valve's monopoly, those who accept it, and those who accept it but are happy with the status quo. All of these viewpoints are valid, because the definition of "monopoly" actually differs depending on who you ask and where you look. And I don't just mean based on the interpretations of a layperson. First, let's go over the conventional understanding of a monopoly, compare it to an oligopoly, and then compare that to a cartel, so that we're all on the same page. A monopoly, conventionally and from an economics theory perspective, is a single seller that has complete market dominance. This means it's the only seller, a...










