Saturday, May 28, 2022

Words have meaning

"Four companies supply America's most popular baby formulas: Abbott, Perrigo, Nestle, and Mead Johnson. These companies are huge and hold a monopoly"

 

A new definition of monopoly with which I was not previously familiar.   How many companies does it take before "the exclusive possession or control of the supply of or trade in a commodity or service." no longer exists.

Just wondering.

2 comments:

John Wilder said...

Remember, journalists are the children of rich people that were too stupid to go to law school.

Anonymous said...

obviously, there needs to be a fifth company. A company owned by a connected friend of the Biden administration who will get massive "loans" to set up the business in a "disadvantaged" neighborhood and will them close up shop after a year of losing money hand over fist. But the CEO will make a few million in "salary" along the way.

--Generic