That’s just forcible coercion, not exercising monopoly power.
Monopoly is about being able to charge higher prices for inferior products because you’re the only supplier in town, not because you’re the only one with a gun.
That’s just forcible coercion, not exercising monopoly power.
Monopoly is about being able to charge higher prices for inferior products because you’re the only supplier in town, not because you’re the only one with a gun.