Re:Well if anyone knows... (Score 1)

Is the definition really that cut and dry? What if there are 4 competitors in the industry and 3 of them have 24% market share while one has 28%? That's certainly not a monopoly by any stretch of the imagination. Oligopoly, perhaps, but certainly not a monopoly. I have a hard time seeing how anything could be considered a monopoly unless it's hitting at least 75% of the market. Below that level, competition can easily eat away at you and gang up to hurt you.