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Simple English definitions for legal terms

monopoly power

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A quick definition of monopoly power:

Monopoly power refers to the ability of a company or organization to control prices or prevent competition in a particular market. This power is often determined by the size of the company's market share, or the percentage of the market that they control. When a company has monopoly power, they can charge higher prices for their products or services without fear of losing customers to competitors. This can be harmful to consumers, as it limits their choices and can lead to higher prices.

A more thorough explanation:

Monopoly power refers to the ability of a company or organization to control prices or exclude competition in a particular market. The extent of monopoly power is often determined by the size of the market share held by the company.

  • Microsoft has been accused of having monopoly power in the computer software industry due to its dominant market share in operating systems.
  • De Beers, a diamond mining company, has been accused of having monopoly power in the diamond industry due to its control over the majority of diamond mines and distribution channels.

These examples illustrate how a company with a large market share can use its power to control prices and exclude competition. In the case of Microsoft, it has been accused of using its dominant position to force customers to use its products and limit the ability of competitors to enter the market. Similarly, De Beers has been accused of controlling the supply of diamonds and driving up prices by limiting the availability of diamonds on the market.

monopoly leveraging | monopsony

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10:35
i love eating, too much
10:35
food is yummy
GreyCeaselessMammoth
10:35
I'm with curvy on this, it literally changed my life
suddy
10:36
Food is the primary joy in life
shaquilleoatmeal
10:36
i probs go over board w health, do a vitamin deficiency and nutrient level test quarterly
shaquilleoatmeal
10:36
which i highly recommend because youll know what to feed your body better
10:36
@shaquilleoatmeal: was anything surprising when u first had it done? ie way out of line?
Reading an intelligence brief I just learned of a terror group that goes by MILF the Moro Islamic Liberation Front.
JumpySubsequentDolphin
10:38
I’m severely vitamin d deficient
JumpySubsequentDolphin
10:38
I’m also anemic but I don’t take my iron bc it hurts my stomach
When in southeast Asia be careful of a MILF attack lmfao
GreyCeaselessMammoth
10:38
jumpy how are you vitamin d deficient? just go outside
shaquilleoatmeal
10:40
@llama: yea my vitamin k levels were wack, its normal after focusing on it but wouldnt have known otherwise
texaslawhopefully
10:40
I think it’s really easy to be vitamin D deficient, I’m perpetually vitamin D deficient too
shaquilleoatmeal
10:40
@JumpySubsequentDolphin: go buy this rn https://luckyironlife.com/?srsltid=AfmBOopcbDKFQGvh4KZ_nbX2zDqQNiXhVLGMqa27SRB-aW6oIepipKGz
another week without NYU DLS :(
PuppyBot
10:41
i am also vitamin d deficient its really common in more tan people
PuppyBot
10:41
i also have high cholesterol
GreyCeaselessMammoth
10:41
oh that's interesting, is your skin more resistant to the sun??
JumpySubsequentDolphin
10:42
@GreyCeaselessMammoth: there isn’t much sun here ☹️
10:42
shaq is rite, gotta stay on top if this shit.
PuppyBot
10:42
pigmentation reduces vitamin D production in the skin
JumpySubsequentDolphin
10:42
also yeah Arabs are like perpetually vit d deficient. we get those big bulk pill bottles for everyone in my family
GreyCeaselessMammoth
10:43
that's so interesting, i have a lot of arab family but i haven't heard of that
GreyCeaselessMammoth
10:43
i guess it makes sense
JumpySubsequentDolphin
10:43
@shaquilleoatmeal: I still think that would hurt my stomach
lilypadfrog
10:43
@shaquilleoatmeal: quarterly is crazy I haven’t gotten a physical in over three years
PuppyBot
10:43
median vitamin D intakes of American blacks are below recommended intakes in every age group, with or without the inclusion of vitamin D from supplements.
JumpySubsequentDolphin
10:43
@GreyCeaselessMammoth: NO WAY!! from where mammoth
GreyCeaselessMammoth
10:44
egypt! wa usratik mineyn?
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