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LSDefine

Simple English definitions for legal terms

monopolization

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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

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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