In this chapter, the author explains the economic notion of monopoly power and compares that to the legal concept of monopoly power with the goal of helping lawyers better understand how to address the issue of monopoly power in an exclusion case.
This chapter appears in Antitrust Economics for Lawyers. For more information, click here.
Assessing umbrella pricing incentives
When collusive agreements involve a subset of firms in an industry, they may create the incentive and ability for firms that are not participants in the cartel...