ABSTRACT
It remains to investigate the actual economic power which a “monopoly” possesses over the several departments of an industrial society. Although the “trust” may be taken as the representative form of monopoly of capital, the economic powers it possesses are common in different degrees to all the other weaker or more temporary forms of combination, and to the private business which, by the possession of some patent, trade secret, or other economic advantage, is in control of a market. These powers of monopoly may be placed under four heads in relation to the classes upon whose interests they operate—(a) business firms engaged in an earlier or later process of production; (b) actual and potential competitors or business rivals; (c) employees of the trust or other monopoly; (d) the consuming public.
