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Trust me, no one thinks that "monopoly power" refers only to a single firm. When someone says Microsoft has a monopoly on desktop operating systems, they are aw

• stale2002 6y ago
  > no one thinks that "monopoly power" refers only to a single firm. Actually, it is extremely common. It so common that the literal FTC has to put out information to correct this misconception. Just go look at the offical FTC statement. https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined https://www.ftc.gov/tips-advice/competition-guidance/guide-a... Because apparently, the FTC thinks that this is important enough, and a common enough mistake, that they have to correct this common misconception. Also, Do you take back your pervious statements, and agree with me when I said the following then? "Actually, if the company has significant market power, which does not require a monopoly" Because if you now agree with me, then great. Because my original statement was that a company has to have significant market power, which you said was incorrect. But it now seems like you agree me with, that all that has to happen is that a company has to have significant market power. It seems like you do not think that I was "incorrect" to point out that only significant market power is required for the Sherman act to apply. So your previous statement, where you said that this was "incorrect", no longer holds. That is great that it seems like you no longer think that my original statement was incorrect, where I said that only significant market power was required.