3 ms·
> A rule of thumb is that if you own more than 50% and can dictate prices, you might be a monopoly. I guess the UK has different laws, but here in the US it wo
by labcomputer 2y ago
> A rule of thumb is that if you own more than 50% and can dictate prices, you might be a monopoly.
I guess the UK has different laws, but here in the US it works like this:
* 50% and below means you are definitely not a monopoly unless there is some weird set of facts than SCOTUS couldn't imagine the last time they considered monopolies.
* At some threshold around 60-70% you might be a monopoly, but market share alone isn't enough to prove that.
* Around 90% you are presumed to be a monopoly unless you can provide some very good evidence why you are not.