You cannot corner a market through price dumping. You can lose money until the newer firm dies, but once you raise prices again, guess what happens? The Baltimo

You cannot corner a market through price dumping. You can lose money until the newer firm dies, but once you raise prices again, guess what happens? The Baltimore Gas Company is a famous example of this. They didn't establish their monopoly until the maryland legislature enforced a utility charter that granted them the exclusive right to distribute gas in Baltimore.