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[-] DarthYoshiBoy@kbin.social 1 points 8 months ago* (last edited 8 months ago)

Pointing out which meaning applies is how definitions work. One is enough.

So which is it? Because the only one that might apply is the last and that one has a complicated legal meaning that is multiple parts of which you only seem to care about a single part: https://www.merriam-webster.com/dictionary/monopoly

[-] mindbleach@sh.itjust.works -1 points 8 months ago

It's the definition given by your own fucking source. The one you called "cherry-picking."

It's not "a single prong in a standard that has several," there's a list of meanings, and one of them applies.

That page even reminds you: not all monopolies are illegal. Maybe you should re-read it?

[-] DarthYoshiBoy@kbin.social 2 points 8 months ago

Here, it's easy:

Then courts ask if that leading position was gained or maintained through improper conduct—that is, something other than merely having a better product, superior management or historic accident.

Does not in fact say:

Then courts ask if that monopoly was gained or maintained through improper conduct—that is, something other than merely having a better product, superior management or historic accident.

The standard has multiple prongs. You might have "monopoly power" without in fact being a monopoly because being a monopoly requires meeting a legal standard where being the in the leading position of a market is not the singular qualifier.

[-] mindbleach@sh.itjust.works 0 points 8 months ago

You're quoting a sentence that defines anticompetitive practices, not a sentence that defines a monopoly.

Here is a sentence from the same page that defines a monopoly:

Courts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power — that is, the long term ability to raise price or exclude competitors.

[-] DarthYoshiBoy@kbin.social 1 points 8 months ago

the long term ability to raise price or exclude competitors.

Which you seem to take for a granted, but won't provide even a theoretical for how that might have happened here?

[-] mindbleach@sh.itjust.works -1 points 8 months ago

Ability means "they can," not "they did."

this post was submitted on 30 Apr 2024
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