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by hgdfhgfdhgdf
1094 days ago
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This is such an awful argument. Because a company captures 50% of sales in an area does not mean that it has a monopoly and that there is only 1 grocer in the area. Your source is also not very reliable. List one area where Walmart has a monopoly and the only grocer in town. |
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I'd recommend you do some reading to understand the definition of a monopoly, as it pertains to pricing power: https://www.ftc.gov/advice-guidance/competition-guidance/gui...
A business doesn't need to be the literal only option for it to have monopolistic power over a market.
The Sherman Anti-Trust Act uses 50% market share as a general criteria for when a business could have monopoly power in a market. Based on that definition, here's an answer for your
> List one area where Walmart has a monopoly
Check out the table in the back of the source I linked, and you'll find 203 of them!