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The Justice Department and FTC lost most of the monopolization cases they brought under section 2 of the Sherman Act during this era. One of the government's few anti-monopoly victories was United States v. AT&T, which led to the breakup of Bell Telephone and its monopoly on U.S. telephone service in 1982. [31]
Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without ...
The former type of conflict gives rise to environmentalism of the poor, in which environmental defenders protect their land from degradation by industrial economic forces. Environmentalist conflicts tend to be intermodal conflicts in which peasant or agricultural land uses are in conflict with industrial uses (such as mining).
At a bar in western Minnesota's Benson on Tuesday night, citizens pressed a natural gas company about a pipeline that aims to ferry dairy cow-emitted biogas for use as green energy. While many ...
Competition law does not make merely having a monopoly illegal, but rather abusing the power that a monopoly may confer, for instance through exclusionary practices. Market dominance is connected with decreased innovation and increased political connectedness.
But, as a natural monopoly, PG&E and other investor-owned utilities do not have to be for-profit entities. In fact, around California, there are over 40 publicly owned electric utilities that are ...
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
Anti-competitive practices are commonly only deemed illegal when the practice results in a substantial dampening in competition, hence why for a firm to be punished for any form of anti-competitive behavior they generally need to be a monopoly or a dominant firm in a duopoly or oligopoly who has significant influence over the market.