Date registered: Dec 2003
Vehicle: 94 E500, 97 500SL
Location: Soddy Daisy, TN
Mentioned: 1 Post(s)
Quoted: 69 Post(s)
I thought that a "trust" were businesses, who should be in competition, that would collaborate to control pricing and supply (oil companies, perhaps?). A monopoly would be a single business that essentially controls a product. No matter what, IMHO, the anti-trust and anti-monopoly rules have not been enforced as rigorously as they should be.
Sad thing is a company can become a monopoly by having a superior product, superior marketing, or both. Unfortunately, when they arrive, they see little need to innovate and instead, as in the Microsoft example, turn to bullying and other unfair marketing tactics to preserve their monopoly.
Consumers win when there is competition. Products get better, upstarts with innovation have a shot, and pricing is reduced.