4 ms·
The monopoly is what is illegal, not the price you charge.
by dhimes 11y ago
The monopoly is what is illegal, not the price you charge.
- robotresearcher 11y agoIt's not illegal to have a monopoly. It's illegal to exploit it in certain ways.
- dhimes 11y agoThis is mostly a distinction without a difference in practice. Exploit it in certain ways and your monopoly gets broken apart- thus illegal. See ATT/ Ma Bell
- robotresearcher 11y agoIt's a very practical distinction since you can avoid exploiting it in certain ways and thus not get into any trouble at all. Violator monopolies do not exert predatory pricing, etc, by accident.
- dhimes 11y agoVery good point.