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Nitpick: legally a monopoly doesn't require zero competitors.
by gress 13y ago
Nitpick: legally a monopoly doesn't require zero competitors.
- bduerst 13y ago> Legally Only when getting fined for antitrust or monopolistic behavior, which doesn't mean it is a monopoly - only that a regulating body is trying to prevent it from eventually becoming one. Definitively, mono-poly means one entity in the market.
- gress 13y agoI understand the etymology, however using that as a basis for reasoning is unhelpful since it's the legal and economic consequences in real-life that actually mean something.