Marvin is a very good businessman.He starts Marvin's Bike Company in the small town of Wheatland.There is one other bike store in Wheatland.Through good business management,Marvin's obtains a great deal of market power in Wheatland.This acquisition of monopoly power is

Question

Marvin is a very good businessman.He starts Marvin's Bike Company in the small town of Wheatland.There is one other bike store in Wheatland.Through good business management,Marvin's obtains a great deal of market power in Wheatland.This acquisition of monopoly power is​

Quizplus · Accepted Answer

Obtaining market power through good business management is not necessarily an antitrust violation. Antitrust laws focus on preventing anticompetitive behavior, but having a monopoly is not illegal. It only becomes a violation if the company uses that power to engage in anticompetitive practices such as price-fixing or exclusionary conduct.

Marvin Is a Very Good Businessman