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Monopoly Structure
A market form where a single firm controls the entire market for a product or service, with no close substitutes.
Treble Damages
A legal principle allowing a court to triple the amount of the actual/compensatory damages to be awarded to a plaintiff.
Four-Firm Concentration
A measure of market concentration that evaluates the total market share of the four largest firms within an industry.
Standard Oil Case
A 1911 antitrust case in which Standard Oil was found guilty of violating the Sherman Act by illegally monopolizing the petroleum industry. As a remedy the company was divided into several competing firms.
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