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 Originally Posted by Pascal
Not sure if this quote is correct but:
"Monopolies in the U.S. aren't actually illegal. However, they cannot use their monopoly power to gain price or other advantages thanks to the Sherman Anti-Trust Act."
You say that monopolies are "illegal in most countries" - is that true? It's definitely not true in Europe.
True(ish), it is a bit like being naked in public isn't actually illegal but would usually be considered a breach of decency laws.
And in respect of monopolies and cartels whilst not explicitly illegal in themselves, they come under anti trust or competition laws.
European Union Competition Laws apply to all EU member states.
European Commission - Competition
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