Quote:
Originally Posted by rhadin
Your definition of monopoly (100% of market) is NOT the legal definition of monopoly. Whether an entity qualifies as a monopoly is determined by market share plus influence in market. An entity can be a monopolist with only a 40% market share.
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It should be noted, however, that being a monopoly is not illegal. What is illegal is
abusing a monopoly position to disadvantage either customers or suppliers. It's absolutely fine to be a monopoly and conduct business fairly.