Market definition and calculation of a market share remain the most popular antitrust approach to assessing the threat of monopoly. One historical method of market definition is to employ several “factors” from the Brown Shoe decision in 1962. At the time, the Supreme Court had no interest in identifying monopoly. Rather, it perceived the threat of mergers as a firm’s ability to charge lower prices, injuring rivals. No market definition is needed to assess that claim. Brown Shoe damaged ra
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