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LSDefine

Simple English definitions for legal terms

Monopoly

Read a random definition: modus decimandi

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

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11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
LSD+ is ad-free, with DMs, discounts, case briefs & more.