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This can be legally interpreted in many ways: and I quote: "It is unlawful for a company to monopolize or attempt to monopolize trade, meaning a firm with mark
by forkLding 8y ago
This can be legally interpreted in many ways:
and I quote: "It is unlawful for a company to monopolize or attempt to monopolize trade, meaning a firm with market power cannot act to maintain or acquire a dominant position by excluding competitors or preventing new entry. It is important to note that it is not illegal for a company to have a monopoly, to charge “high prices,” or to try to achieve a monopoly position by aggressive methods."
"It is illegal for businesses to act together in ways that can limit competition, lead to higher prices, or hinder other businesses from entering the market."
- Federal Trade Commission on Anticompetitive Practices.
https://www.ftc.gov/enforcement/anticompetitive-practices https://www.ftc.gov/enforcement/anticompetitive-practices
And a relevant tidbit on FTC investigation into FB for user privacy: https://www.bbc.com/news/technology-43546100 https://www.bbc.com/news/technology-43546100