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Challenging Monopoly Power in Antitrust Lawsuit
The Department of Justice filed an antitrust lawsuit against Apple, alleging that the firm maintains its monopoly power in the smartphone market through exclusionary conduct rather than superior products or business acumen. While having monopoly power itself is not illegal, acquiring or maintaining it through exclusionary behavior violates antitrust laws. The lawsuit's rationale and implications are dissected by Matt Stoller, the director of research at the American Economic Liberties Project, in his book 'Goliath' and writings on the Substack blog, 'Big.'