A monopoly is illegal
A)under any circumstances,under Section 2 of the Sherman Act.
B)only if it is gained or maintained by using wrongful tactics.
C)if you have greater than 50 percent of market share.
D)any time there are no interchangeable products.

Question

Quizplus · Accepted Answer

A monopoly is only illegal if it is gained or maintained through wrongful tactics such as anti-competitive behavior, exclusionary practices or abuse of market power. Section 2 of the Sherman Act prohibits the abuse of monopoly power, but it does not make monopoly per se illegal. Having over 50 percent of the market share or having no interchangeable products does not necessarily make a monopoly illegal. It all depends on how that monopoly was obtained or is being maintained.

A Monopoly Is Illegal