The recent air traffic chaos holds a lesson: Regulators should watch the risk of systemic failures amid market dominance
However, US judge Learned Hand, while deciding on the watershed case of United States vs. Alcoa, rejected the idea that market share alone implies monopoly power and emphasized that a business’s conduct is more important: “The successful competitor, living substantially within the law, will doubtless see his competitors die one by one, but he will not be commanded to bury the dead.”
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