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Defining the Extent of the Market: the Whole Foods Case

Mises | Tue, 06/02/2009 - 12:40pm | Market Commentary, Mises Institute, WFMI, WHole Foods |  2 comments

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Anyone is a monopolist if the market is defined narrowly enough. McDonald's is a monopoly provider of Big Macs, and Burger King is a monopoly provider of Whoppers. Tiger Woods plays in fewer golf tournaments than he used to. Should he prosecuted as a monopolistic withholder of his services?
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