monopolization,n. The act or process of obtaining a monopoly. • In federal antitrust law, monopolization is an offense with two elements: (1) the possession of monopoly power — that is, the power to fix prices and exclude competitors — within the relevant market, and (2) the willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior product, business acumen, or historical accident.United States v. Grinnell Corp., 384 U.S. 563, 86 S.Ct. 1698 (1966). [Cases: Monopolies 12(1.3). C.J.S. Monopolies §§ 28–37, 52, 64–66.] — monopolize,vb. — monopolistic,adj. — monopolist,n. attempted monopolization.The effort to monopolize any part of interstate or foreign commerce, consisting in (1) a specific intent to control prices or destroy competition in the relevant market, (2) predatory or anticompetitive conduct, and (3) a “dangerous probability” of success in achieving monopoly in the relevant market.
[Blacks Law 8th]