What Makes Something a 'Monopoly'?

Is Google a monopoly? No. What about the National Association of Realtors—does it deserve this moniker? Certainly not. Did monopoly status ever fit Rockefeller’s Standard Oil of New Jersey? Not at all. How about IBM during its years-long antitrust case? Fuhgeddaboudit. Is monogamous marriage a monopoly? You’ve got to be kidding. Read Full Article »