Question

Is a “big business” necessarily a large part of its market? Does it necessarily have a large amount of market power?

Why are competitors typically far more likely to accuse firms of monopolization than customers?

If you were the only newspaper in town, would that guarantee you large profits?

Can you think of any once-dominant firms who have lost their large market share?

Answer 1

No there may be two or three competitors ofroughly equal size E. G Pepsi and coca cola. Again it does not need to have large market power. E. G oligopolists often do not raise price because they know they will make losses as others will not follow

The reason is customers will then ditch them. Further buyers are often too many to act as a single monopoly. They do not have coordination

No. Monopolies often suffer losses

Tata steel lost large share of market in india