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Simple English definitions for legal terms

hypothetical monopolist test

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A quick definition of hypothetical monopolist test:

The hypothetical monopolist test is a way to determine if a company has too much power in a certain market. To do this, we ask if a pretend company that has a monopoly on the product could raise the price a little bit and still make money. If the answer is yes, then the market is defined correctly. If the answer is no, then we need to include other products in the market to get a better understanding of the situation. This helps us figure out if the company is breaking any laws by having too much control over the market.

A more thorough explanation:

The hypothetical monopolist test is a method used to determine if a product market is properly defined before it can be determined whether a company has monopoly power in that market or has violated antitrust law. This test is used in the Horizontal Merger Guidelines.

The test asks whether a hypothetical monopolist can profitably impose a small but significant and non-transitory increase in price in the product market as defined. If the answer is yes, and the price increase would be profitable for the hypothetical monopolist, then the market is correctly defined. If the answer is no, then the relevant product market is defined too narrowly and must be expanded to include other goods and services.

For example, let's say there are two companies that produce soda: Company A and Company B. The hypothetical monopolist test would ask whether Company A could profitably impose a small but significant and non-transitory increase in price for soda. If the answer is yes, then the relevant product market is defined as soda. If the answer is no, then the relevant product market may need to be expanded to include other beverages, such as juice or water.

The hypothetical monopolist test is important because it helps to ensure that antitrust laws are being enforced properly. If a company has too much market power, it can harm competition and consumers by raising prices and reducing choices. By using the hypothetical monopolist test, regulators can determine whether a company has too much market power and take action to protect competition and consumers.

hypothecate | I am a lawyer who has a client complaining about spam email. What should I be worried about?

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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