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Is it unreasonable to think of Cisco, Intel, and Dell as merely new age commodities?



Commodities {in the purpose/sense of economic reasoning} are valuable because they are needed/necessary for production. To characterize the "Big 5" as commodities is a distortion, while they may dominate their markets, they are not monopolistic commodities.

Analogy: GM, Ford, and Honda sells cars, lots & lots of them; but I can buy a Lotus, a Ferrari, or a McLaren. All cars are not the same,some require incentives (zero % fianancing) to be sold, and some have waiting lists, but they all do transport people.


{{And, I have not touched upon inelasticity of demand.}}
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