Economics @ ITT

Meet the New Media Monopoly – OtherWords

Posted in antitrust, economics, Policy Issues, Regulation by ittecon on January 24, 2011

For more than a century, American law has recognized the destructive power of corporate monopolies. When one company controls an entire resource, means of production, or delivery system for products, it gets an unfair advantage over competitors. It can overcharge them out of existence or drive them into bankruptcy. Since Teddy Roosevelt’s presidency, our government has tried to ensure that monopolistic business practices don’t destroy fair pricing and consumer choice.

Meet the New Media Monopoly – OtherWords.

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