My credentials on this are that as an antitrust attorney, I spent several years editing the American Bar Association's monthly newsletter on monopolization law. In the U.S. legal system, there is not a simple market share number above which a firm is a monopolist. read more
Monopoly exists when you owns a company which is engaged in some kind of work and none other than you engages or owns a same business as yours. For example- Microsoft had monopoly in making and selling the operating system i.e. Windows, for a long time. read more
Whether you were shopping for a new pair of shades at Sears, Target, Pearle Vision, The Sunglass Hut or Prada, you were actually buying from the same company, with only the illusion of having a choice. 9. Netflix. Netflix isn’t a monopoly yet, but they’re one in the making. read more
A monopoly is a business that is the only provider of a good or service, giving it a tremendous competitive advantage over any other company that tries to provide a similar product or service. read more