Industry consolidation and a trend toward market oligopoly have also marked the evolutionary paths of numerous other industries.
An oligopoly market is dominated by a small number of sellers who provide a large share of the total market output.
The company's five biggest competitors had already signed up, but this firm - the sixth company in the industry oligopoly - was resisting the opportunity.
Google currently has the luxury of being inefficient because of its enviable position as the most powerful member of an oligopoly controlling an exploding market.
Mr Mosho said that commercial banks might be colluding making the market into an oligopoly with little benefit to the consumers.
The oligopoly concentrated on marketing and increasing engine power in the postwar decades, choking off European innovations like front-wheel drive, radial tires, and disk brakes.
The most profound change to occur in the television industry in the 1980s and 1990s was the rise of competition to the network oligopoly from cable programmers.
In both nations, the backbone service market is an oligopoly with dominant incumbents, so we rate them even.
Market concentration is economic power based on the level of monopoly or oligopoly that Chaebol affiliates hold in the markets of their respective areas of business.
But the oligopolists of culture are running out of alternatives.