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Posted by David C. on 03/01/07 22:47
Eric P. <ericpNOSPAM06@sbcglobal.net> writes:
>
> There was an anti-trust act. That was supposed to solve the problems of
> monopolies historically.
You're referring to the Clayton and Sherman acts.
They don't prohibit monopolies. They impose a set of extra-strict rules
that a company must obey if it is a monopoly (as defined by the whims of
whatever justice department happens to be in power at the time.)
A monopoly can't do what smaller companies are allowed to do. For
instance, offer deep discounts (even taking losses) on one product in
order to promote a different product.
But this is very different from actually banning the existence of
monopolies.
-- David
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