I heard that one company buying all the product or a majority of the product is called a monopoly practice.
If a dominant buyer locks up most of the supply chain through exclusive contracts, it prevents rival companies from getting the materials they need to survive, which violates laws like Section 2 of the Sherman Antitrust Act.
It's called a monopsony[1], regardless, antitrust regulation is famously dead under the current US administration.
[1] https://en.wikipedia.org/wiki/Monopsony
Regulation is dead under this current US administration (unless you pay a bribe). It's so weird this is where we are right now and most of the tech leadership has to play along even though it's technically illegal?
> most of the tech leadership has to play along
Many of them orchestrated the situation.
very cool word, but I think the etymology stated in Wikipedia is wrong.
the second part of the word just means purchase (in a weird ancient Greek tense). there's no relation to fish whatsoever.
(I'm Greek)
Antitrust has been dead for decades. It spans administrations and parties.
Under Biden they at least tried