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  • Don't fully understand this.

    Quoted: Most people think that the search and advertising markets are both likely to be extremely profitable for the top two players if there’s a duopoly; if on the other hand it settles down as a triopoly, then the margins will get squeezed and #2 and #3 will have a hard tie doing better than break-even. Right now, in the US, Google’s #1 in both, with Yahoo! #2 and Microsoft #3.

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