Trinko v. Baxter: The demise of U.S. v. AT&T

摘要

Not so long ago, an incumbent telecommunications company provided local telephone service under price regulation. Such regulation was predicated on the view that this incumbent possessed monopoly power in the market for that local telecommunications service. This incumbent provider also offered other telecommunications services, but in competition with recent entrants into those markets. These companies were newly able to provide the product only after changes in technology that made competition feasible. Market competition among these companies set the price for at least some users, despite ceiling price regulation of those apparently competitive services.