snookered wrote:Parados wrote;
Quote: Actually, it is a regulated market that prevents monopolies. A completely free market tends to move toward monopolies. Why do you think the SEC has to approve mergers of large corporations? It is to prevent It seems you like to throw around phrases when you have no idea what they mean. You claimed "price fixing" when you started this thread with 2 companies being complicit. Now you state price fixing is an attempt by one company. Then you claim coke and pepsi realize they can't monopolize each other. In the marketplace you don't monopolize a competitor, you monopolize the market.
SEC is the Security Exchange Commission. They are more concerned with Utilities, Stock Market and yes VERY BIG COMPANIES who want to merge when it is obvious it would be to the detriment of the consumer.
I didn't say it had to be two companies, I said in this case it was Coke and Pepsi. One company can ATTEMPT to monopolize another company, which in this case coke and Pepsi realized neither one of them could.
Try to keep up. When you read something , don't take it out of context.
I didn't take it out of context. A company can't monopolize another company when they are competing in the marketplace
Monopolize - -verb (used with object), -lized, -liz·ing.
1. to acquire, have, or exercise a monopoly of.
2. to obtain exclusive possession of; keep entirely to oneself: Children monopolize one's time.
mo·nop·o·ly -noun, plural -lies.
1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3. the exclusive possession or control of something.
4. something that is the subject of such control, as a commodity or service.
5. a company or group that has such control.
6. the market condition that exists when there is only one seller.
Coke is not attempting to gain exclusive control of Pepsi. Nor is Pepsi trying to gain control of Coke. They are trying to get market share. If they are colluding to fix prices then they are acting as a monopoly. See def. 1.
Before you get snotty and tell others to "keep up" you should check your dictionary.
Coke and Pepsi are VERY BIG COMPANIES. The SEC would examine any attempt by one them to gain control over the other.