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"The rise of the Chicago packers and the origins of meat inspection and antitrust," Economic inquiry (1992) 30#2 pp 242–262. Magill, ed., Frank N. "The Supreme Court upholds Prosecution of the Beef Trust," in Great Events from History II: Business and Commerce Series Volume 1 1897-1923 (1994) pp 107-111
A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. A statutory monopoly may take the form of a government monopoly where the state owns the particular means of production or government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a ...
The law's treatment of monopolies is potentially the strongest in the field of antitrust law. Judicial remedies can force large organizations to be broken up, subject them to positive obligations , impose massive penalties, and/or sentence implicated employees to jail.
11. Thurn and Taxis Mail. The private company operated postal service back in the 1800s and enjoyed a monopoly on postal services. The company's dominance came to an end after Prussian victory ...
Business can also justify if it is judged to be monopolized by the court. [4] For example, business can defense that its business conducts bring merits for consumers. Its monopolist success is sourced from the maintenance and willful acquisition of its power. Its market power comes from historic accidence, business acumen and superior product.
Natural monopoly: This type of monopoly occurs when a firm can efficiently supply the entire market due to economies of scale, where larger production leads to lower costs. For example, in some cases, utilities (such as those providing electricity or water) may operate as natural monopolies due to high infrastructure and distribution costs.
The Department of Justice and 11 states filed an antitrust lawsuit against Google today following more than a year of overlapping investigations into the tech giant.
Jenner & Block is an American law firm with offices in Century City, Chicago, London, Los Angeles, New York City, San Francisco, and Washington, D.C. [1] The firm is active in corporate litigation, business transactions, the public sector, and other legal fields.