Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

monopolization

Read a random definition: gavelwerk

A quick definition of monopolization:

Monopolization is when one company or person has complete control over a certain market or industry. This means they can set prices and keep other competitors out. It is against the law to try to get a monopoly on purpose, but it is okay if it happens naturally because of having a better product or being smarter in business. Attempting to get a monopoly is also against the law if it involves trying to destroy competition and there is a high chance of success.

A more thorough explanation:

Definition: Monopolization is the act of obtaining a monopoly, which is when a company or individual has complete control over a particular market or industry. In federal antitrust law, monopolization is considered an offense with two elements:

  1. The possession of monopoly power within the relevant market, which means having the power to set prices and exclude competitors.
  2. The willful acquisition or maintenance of that power, as opposed to growing or developing as a result of a superior product, business acumen, or historical accident.

For example, if a company controls all the oil refineries in a particular region and can set prices as high as they want, they are considered to have a monopoly on oil refining in that area. If they actively work to prevent other companies from entering the market, they could be guilty of monopolization.

Attempted monopolization: This is the effort to monopolize any part of interstate or foreign commerce. It consists of three elements:

  1. A specific intent to control prices or destroy competition in the relevant market.
  2. Predatory or anticompetitive conduct.
  3. A "dangerous probability" of success in achieving monopoly in the relevant market.

For example, if a company tries to buy up all the suppliers of a particular raw material, they may be attempting to monopolize that market. If they engage in anticompetitive behavior, such as threatening suppliers who do business with their competitors, they could be guilty of attempted monopolization.

monopolium | monopoly leveraging

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
on letterboxd ill follow u
12:47
Nemo_Propheta
but no judgement im a newbie film queen if u can even call it that
ok slay new follower for u
12:48
ty <3
12:49
omg i love talking heads
what is talking heads
@legallybrunettelily: shutter island is my favorite movie, lmfao
IT WAS GOOD BUT WHY IS IT SO LONG
i like foreplay what can I say
we know u like the princess kisses
ur so right
12:56
Talking Heads is a band, led by David Byrne
oh my username is truly just hoziers hyphenated last name
no ties to talking heads but i WILL look into it
12:56
Fake fan
im sorry queen
12:57
Watch their concert film Stop Making Sense
Nemo I love ur reviews
"bout to take the absolute wrong lesson from this with me into 2025 🙏" Nemo's review of Whiplash
NosyBeagle
12:59
don't you just love making a movie you're whole personality for a few weeks
NosyBeagle
12:59
I saw sinners with my mom on sunday
13:00
What can I say I write banger reviews, if only they got likes
13:05
I wrote one review that was so popular im still farming likes and followers off of it
13:10
damn i wish i was you
13:11
The secret is u gotta get in there early
13:14
I guess I just gotta go to the fests then
13:14
Or have friends that like ur shit
who up scheduling their optometrist appt
@legallybrunettelily: if that's ur bonafide selfie on letterboxd... awooga
LSD+ is ad-free, with DMs, discounts, case briefs & more.