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Monopoly does NOT mean being the only seller. According to US law, having 50% of the market can be enough.
by BlueTemplar 6y ago
Monopoly does NOT mean being the only seller. According to US law, having 50% of the market can be enough.
- dragonwriter 6y ago> According do US law, having 50% of the market can be enough. Having much less than 50% of a descriptive market can be enough, if, e.g., you have pricing power, which demonstrates that irrespective of what other players may be described as being in the same market, they are not actually competing with you.
- notyourwork 6y agoI DIDN'T claim Amazon is or isn't one.
- heavyset_go 6y agoIt's not even 50%, according to the FTC[1]: > Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power — that is, the long term ability to raise price or exclude competitors. That is how that term is used here: a "monopolist" is a firm with significant and durable market power. [1] 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...