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Simple English definitions for legal terms

Monopoly

Read a random definition: vitium reale

A quick definition of Monopoly:

Monopoly: When one company has control over a product or service in a certain area, and there is no other competition. This means they can charge higher prices and people have no other choice but to buy from them. It's like being the only store in town that sells candy, so you can charge whatever you want because there's no other store to buy candy from.

A more thorough explanation:

A monopoly is when one business has a big advantage over all the other businesses in a certain area. This means that they can decide how much to charge for their products or services without worrying about competition. For example, if there was only one gas station in a town, they could charge a lot more for gas because people have no other choice. This is not fair to customers because they have to pay more than they should.

Antitrust laws are in place to prevent monopolies from happening because they can hurt consumers and other businesses. These laws make sure that there is competition in the market so that prices are fair and companies have to work hard to earn customers.

Another example of a monopoly is if there was only one internet provider in a certain area. They could charge a lot of money for slow internet because people have no other choice. This is not fair to customers because they need internet to do many things like work and school.

Money Order | Montana

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

babycat

15:15

I love my hot chick friends. Don't know where I would be without them

renard99

15:15

Crazy story, I had dinner with the dad of a friend of mine and he just openly went on Tinder in front of me and the other guys. Later my mom ran into him with another woman (not his wife/friend's mom) and he got very uncomfortable and never texted her again

renard99

15:15

I can't imagine what it's like being a cheater or like a serial dater. Shit seems so nervewracking

BulbasaurNoLikeCardio

15:16

My wife and I have great and open communication but one night she kept asking me why this girl is blowing up my phone with messages/pictures so I showed her... she got a new puppy and got drunk so had her puppy doing a fashion shoot at 11pm.

babycat

15:16

Awwww

BulbasaurNoLikeCardio

15:17

I need more hot friends to hang with, the town we are in sucks butt for it and everyone seems shifty/flaky.

glovediedthisishismom

15:17

whoever was asking for an AU wave earlier fished their wish

babycat

15:18

I keep my dating very clean and above board. No overlaps, no ambiguities. If you want to go into some sort of public office in the future it's good to be smart about things like that

babycat

15:18

So many politicians have sex scandals and that's how they get blackmailed and other people have power over them. I mean of course there are ethical and emotional issues too but it's literally just smart to not be a cheater

BulbasaurNoLikeCardio

15:19

I would never go into public office as it drags in your family as well. Dating is so much easier then some people make it out to be and it is not that hard to not cheat. I would always tell my soldiers to rub one out before making a big decision so they arent acting dumb

BulbasaurNoLikeCardio

15:20

Like if more cheaters just paused and rubbed one out they would be like you know maybe ill just watch some TV

babycat

15:20

I've seen some people do a really good job keeping their family out of it. But it really is an "anything they can use against you, they will" type of vibe

babycat

15:21

Ugh I need to go work on essays bye folks

BulbasaurNoLikeCardio

15:22

I don't do anything I can be blackmailed with, I like money too much to be sketch. Have fun doing your essays and a good weekend

info-man

15:23

don't have the motivation to work on essays

BulbasaurNoLikeCardio

15:25

I got to work on essays for finals but I'm like that is a next week me problem. I am glad to be done with LS ones. I felt weird talking about myself

babycat

15:28

Bulbasaur if you weren't constrained by location I would say you should apply to Northwestern. They love applicants like you

BulbasaurNoLikeCardio

15:30

@babycat: what makes you say that?

RightPlant

15:31

sorry i already asked this and forgot to check but how much does a masters degree help for admissions? i rly want to go to northwestern or uchicago but im worried about my stats

glovediedthisishismom

15:32

some of you be so focused on the cheese you forgot about the trap

BulbasaurNoLikeCardio

15:32

I have not talked to northwestern or uchicago but the schools I did talked to said graduates are nice but they cant be hard stats to compare to others as not everyone has one

babycat

15:34

@BulbasaurNoLikeCardio: they really like non traditional applicants and older students

babycat

15:35

there are plenty of non trads who get admitted to nw with below median stats bc of their stories

snow

15:37

i want NW bad

JumpySubsequentDolphin

15:37

@glovediedthisishismom: im gonna get this tattooed

snow

15:38

hoping my 3 years of legal experience help!

BulbasaurNoLikeCardio

15:38

Im not that old lmao Ill see if I can convince the wife to allow me to apply and research the area more. Just worried that I wont have that intellect that a rank 9 school would need

snow

15:38

shoot your shot bulb

snow

15:38

dont tell yourself that.

BulbasaurNoLikeCardio

15:40

I think babycat just wants me close for when she gets into Uchicago lol For me the locations of the school and environment around it matters a lot

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