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You're mixing the literal definition of monopoly with anti-trust laws. They have over half the market as a single company and the rest of the market is actually
by rtkwe 3y ago
You're mixing the literal definition of monopoly with anti-trust laws. They have over half the market as a single company and the rest of the market is actually a fragmented zone of other companies so yes I think they are. You don't have to own the entire market to run afoul of monopoly laws they don't require there to be literally only one choice in the market.
- 0xcde4c3db 3y agoNot a lawyer (let alone one specializing in antitrust law), but it looks like the relevant legal standard is "dominant position". Basically, it's legal to have a dominant position, but that position can be abused through certain categories of actions. By contrast, under the Sherman Act it's nominally a felony to even attempt to become a monopoly (although the application of this by courts has apparently been both complex and contentious).