▲ | wizardforhire 4 days ago | |
I guess so, but thats the problem with language that isnt specific enough. What I feel people are discussing and what I was referring too was more properly called an illegal monopoly… technically having market domination is also a monopoly, but thats not a crime. The Hypothetical Monopolist Test is a primary method used to define relevant markets in antitrust cases. It assesses whether a hypothetical monopolist could profitably impose a small but significant and non-transitory increase in price (SSNIP). Steps in the Test Market Definition: Identify the relevant product and geographic market. Price Increase Assessment: Determine if a hypothetical monopolist could raise prices without losing too many customers. Iterative Process: If the price increase is profitable, the market is correctly defined. If not, the market definition is expanded to include substitutes. To establish a monopolization claim, two main elements must be proven: Possession of Monopoly Power: The firm must have significant and durable market power. Willful Acquisition or Maintenance: The firm must have obtained or maintained this power through improper means, rather than through competition on the merits. |