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Comment by pge

This is interesting because it seems like the DOJ's definition of monopoly is changing, which I think is a good thing. Since the late 80s (roughly), antitrust litigation has only been brought on the basis of a monopoly's negative impact on consumer prices (i.e. does the existence of a monopoly cause the consumer to have to pay higher prices?). That ignores monopolies that impair the ability of smaller companies to enter markets (which is one of the issues raised with respect to some of the current internet giants). Prior to the 1980s, this latter kind of monopoly would have been subject to scrutiny and possibly litigation by the DOJ, but since then it has been ignored.
parent pge 6 years ago

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