4 ms·
No they are not. Monopolies are legal. What is illegal if they use (abuse) their market power to keep competitors out. For example AT&T had for the better part
by ralfd 10y ago
No they are not. Monopolies are legal.
What is illegal if they use (abuse) their market power to keep competitors out. For example AT&T had for the better part of a CENTURY a monopoly in the US. That didn't trigger the forced breakup. Instead:
> In the 1970s, the Federal Communications Commission suspected that the American Telephone & Telegraph Company was using monopoly profits from its Western Electric subsidiary to subsidize the costs of its network, which was contrary to U.S. antitrust law.
https://en.wikipedia.org/wiki/United_States_v._AT%26T_Co https://en.wikipedia.org/wiki/United_States_v._AT%26T_Co.