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A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. A statutory monopoly may take the form of a government monopoly where the state owns the particular means of production or government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a ...
In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. [2] Although monopolies may be big businesses, size is not a characteristic of a monopoly.
Often, firms with monopoly power exist in industries with high barriers to entry, which include, but are not limited to: Economies of scale; Predatory pricing [20] Control of key resources (required in production of the good) Legal regulations [21] A well-known example of monopolistic market power is Microsoft's market share in PC operating ...
In United States antitrust law, monopolization is illegal monopoly behavior. The main categories of prohibited behavior include exclusive dealing, price discrimination, refusing to supply an essential facility, product tying and predatory pricing.
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
The Antitrust Revolution: Economics, Competition, and Policy (2003) CJ Goetz, FS McChesney and TA Lambert, Antitrust Law, Interpretation and Implementation (5th edn 2012) B Orbach and G Campbell, The Antitrust Curse of Bigness, Southern California Law Review (2012). RA Posner, Antitrust Law: An Economic Perspective (1976)
One of the most-appealing aspects of putting your money to work in Sirius XM is that it's a legal monopoly. Even though it's still fighting for listeners with traditional radio operators, it's the ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...