The Supreme Court has defined market power as "the ability to raise prices above those that would be charged in a competitive market,"(8) and monopoly power as "the power to control prices or exclude competition."
Those are the tests you need to pass to take action. And measuring that is a highly academic exercise.
Just go talk to the economics professors and consultants that act as experts in those cases.
The Supreme Court has defined market power as "the ability to raise prices above those that would be charged in a competitive market,"(8) and monopoly power as "the power to control prices or exclude competition."
Those are the tests you need to pass to take action. And measuring that is a highly academic exercise.
Just go talk to the economics professors and consultants that act as experts in those cases.