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2007-07-01 09:57:28 · 5 answers · asked by dancerhelen2006 3 in Business & Finance Corporations

5 answers

you can report it to the FTC (Federal Trade Commission)
http://www.ftc.gov/ftc/cmplanding.shtm

"The FTC deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies."

2007-07-01 10:03:39 · answer #1 · answered by kngrnr 1 · 0 0

First you have to prove the company is a monopoly. Just because they dominate the market for a specific product or service does not make them a monopoly.

However if a company uses it's power in one area to influence another area that can be a monopolistic behavior and be illegal.

I would suggest you contact the industry group that may regulate the industry the company is involved in. If it is something like telcom, it makes it easier since they are more heavily regulated.

2007-07-01 11:55:34 · answer #2 · answered by mstrobert 5 · 0 0

Good luck. You have the really demonstrate that the company is "predatory" and isn't simply more skilled than the monopolies.

In the 80s, WordPerfect and Lotus has the monopoly on word processing and spreadsheets. It took a company called Microsoft to make a better version of both to break those monopolies. At the time, MS had little power of its own and couldn't even give away MS Word because it was a.) so bad and b.) wasn't WordPerfect. Through the natural process of competition, they won.

2007-07-01 10:11:40 · answer #3 · answered by David S 5 · 1 1

There is no one to report it to because being a monopoly is 100% legal. The problems arise when a company does illeagal things in restraint of trade to become a monopoly, or, uses it's monopoly in one product or service to illegally interfere with trade as it tries to enter another product or service market. A monopoly can actually be good for consumers because you get standards.

2007-07-01 10:11:01 · answer #4 · answered by Ted 7 · 2 0

You can take them to court and sue them. Be prepared to show they aren't just good enough to earn more customers.

2007-07-01 10:01:58 · answer #5 · answered by shipwreck 7 · 0 0

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