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Essay / Sirius and get on board and drive the other players into bankruptcy. Obviously, the association between board gaming and the definition of the term is literal. The term monopoly is defined as “exclusive control of a product or service in a particular market, or control that makes price manipulation possible” (Dictionary.com, 2008). Monopolies were quite common in the early days, when companies had no guidelines. When the United States Supreme Court decided to break up the Standard Oil company in the late 1800s and enacted the Sherman Antitrust Act of 1890 (Wikipedia 2001), it set a precedent allowing many cases to be brought against her in the years to come. the case of two major players in the entertainment community, Sirius and XM, who both hold the majority of the market in the satellite radio sector, and their discussions about consolidating the two companies into one. This article on Ars Technica (Lasar, 2008) expands on the idea that these corporate entities should not be allowed to merge into one company, but should also be fined even if they consider this idea behind the scenes and behind the scenes. locked board rooms. Using the model Sherman Antitrust Act case in Standard Oil, the company estimated that it had between eighty-five percent and ninety-five percent. With these numbers, XM and Sirius would fall into the digital category of fulfilling this monopoly condition. Since this debate still rages, many people support both sides of the story, the pros and cons. Many would argue that failing to break up monopolies actually increases competition from companies trying to take over some of the market share that the monopoly already has, even more so than the free market that currently exists. Proponents of Sherman's antitrust law assert that "absolute power corrupts absolutely" (Martin, 1996), as originally quoted by Baron Acton. Part of the entrepreneurial spirit of the American mind is the idea that no competition in the business world involves risk or reward. The US Constitution and Sherman's Anti-Trust Act have very little to do with laws, but rather with eliminating competition. concept of non-competition. If the merger between XM and Sirius is approved, it would bring together two large companies that have already established a large portion of the customer base in their area of expertise.
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