What makes an illegal monopoly?
What makes a monopoly efficient?
Firms benefit from monopoly power because: They can charge higher prices and make more profit than in a competitive market. The can benefit from economies of scale – by increasing size they can experience lower average costs – important for industries with high fixed costs and scope for specialisation.
2024-01-18 23:18:16
Is making video game cheats illegal?
Modifying game data usually constitutes a violation of a software license agreement that prohibits modifying the program at all.
2024-01-06 15:58:51
What is an illegal monopoly called?
But monopolies are illegal if they are established or maintained through improper conduct, such as exclusionary or predatory acts. This is known as anticompetitive monopolization.
2023-04-20 00:39:51
Is monopoly illegal in the us?
The mere possession or exercise of monopoly power is not an offense; the law addresses only the anticompetitive acquisition or maintenance of such power (and certain related attempts). Acquiring or maintaining monopoly power through assaults on the competitive process harms consumers and is to be condemned.
2023-04-13 08:30:42
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