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A monopoly becomes illegal when it negatively impacts consumers. If a company is able to lower costs to better compete with another company taking market share
by Apes 5y ago
A monopoly becomes illegal when it negatively impacts consumers.
If a company is able to lower costs to better compete with another company taking market share, wouldn't that imply that:
1. They had a defacto monopoly in the sector that allowed them to price above the fair market value.
2. They harmed consumers by pricing above fair market value.
- kinghajj 5y agoNo, it simply means that the market conditions changed. The price could very well have been a fair market value before, and still is a fair market value after; and the delta of these prices reflects the impact of the new conditions.