Comment by CubsFan1060
2 years ago
Your first sentence is incorrect. Monopolies are not illegal.
From the press conference this morning: "It is not illegal to hold a monopoly, Garland said. "
"That may sound counterintuitive in a case intended to fight monopolies. But under US antitrust law, it is only illegal when a monopolist resorts to anticompetitive tactics, or harms competition, in an effort to maintain that monopoly."
https://www.cnn.com/business/live-news/doj-apple-antitrust-l...
My first sentence is completely correct. I just happen to disagree with Merrick Garland's blatant misrepresentation of the Sherman Act.
So if everyone else decides to exit a market, your sole product becomes illegal?
Markets are typically broader than a single product and in the history capitalism has this actually happened?
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