7 Near-Monopolies That Are Perfectly Legal in America
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True monopolies were outlawed in 1890 in the U.S. after Congress passed the Sherman Antitrust Act. This law was designed to protect consumers from large companies that sought to use their dominant market position to engage in anticompetitive business practices. The bill also gave the federal government the power to step in and take action when necessary.
While this law is still in place today, that hasn't prevented a handful of very powerful companies from gaining a huge amount of market share in their industries. Below we'll take a closer look at seven companies that could easily be considered near-monopolies today.
Source: Fool.com
Alphabet Inc. A Stock
€160.34
1.150%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 164 € shows a slightly positive potential of 2.28% compared to the current price of 160.34 € for Alphabet Inc. A.
