Talk:Legal monopoly

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A big mac is a bad example of a "Monopoly". This is really bad wording. They have a copyright on the term "big mac" but not a monopoly on hamburgers. I can still go buy a whopper or other fast food burger. You have a monopoly when you hold the overwhelming market share for an item. McDonald's does not own the overwhelming market share of fast food burgers.

[edit] def. of legal monopoly

A monopoly is legally defined as having a certain percentage of the market share (so its not necessarily that they are the ONLY seller - I think the article gets this right). A legal monopoly can be one that has been built and maintained by a private entity w/o any govt intervention or influence (not just one that is "exempted" by the govt). There are many examples of this. Monopolies are subject to stricter antitrust guidelines (e.g. can't sell below cost, price fix, etc...)

see:

http://www.ftc.gov/bc/compguide/maintain.htm

and if you can find the "legal def" (% of market share) also more pwr to you.

Thanks. --SchoobieDoobieDo 02:37, 12 February 2007 (UTC)

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