SamuelRSmith said:
Yes, I do. A firm technically holds a monopoly if it has greater than 30% of the market (under UK law), however, that usually applies to firms who operate in markets with a large number of competitors (like supermarkets, for example, Tesco is said to have a monopoly position over the market, yet it only has ~31% share of the market). |
if thats the law what happens if two firms hold over 30% of the market? is it a duoship do they each get penalized for being a monopoly? do they have to prove collusion to penalized?
Im mean hell nintendo is a monopoly there as is apple in certain areas.
how do your anti trust laws go into effect in relation to monopolies?
or what about if all three player in a market hit 30%+ not saying it will happen but it could.
Im sorry for all the questions, it just seems to me that monopoly at 30% is strange ... its not even a simple majority
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