Under current U.S. law, being a “monopoly” is not illegal; nor is trying to best one’s competitors through lower prices, better customer service, greater efficiency, or more rapid innovation. Consumers benefit when Apple disrupts the market with iPhones and iPads, even if this means RIM sells fewer BlackBerries or that Microsoft licenses fewer desktop operating systems. Antitrust law only springs into action against a monopoly when it destroys the ability of another company to enter the market and compete.
The key question, of course, is whether a particular monopoly is harming consumers – or merely harming its competitors for the benefit of those consumers. Read Article: https://www.wired.com/2012/10/antitrust-is-supposed-to-protect-consumers-not-competitors/ Comments are closed.
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