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I know what the concept of monopoly is but I have no idea what terms define a monopoly in a legal sense.  The freight rail monopoly activists call this present condition a monopoly, but is it really?  My reading of this suggests to me that it would be profoundly complex to prove that today’s railroads actually are a monopoly.  I am not sure experts would agree, or that a conclusion could even be reached.  Here is something else to consider:  Is it possible to have a monopoly without any unfair or abusive pricing that a monopoly will enable?  In the recent example of a little town with only one store, and no other stores nearby, you only have one store to choose from.  Does that mean that it is a monopoly?  Anyone is free to build a second store in town.  If the one store charges prices that people think are unfair, anyone is free to build a second store to compete with the first one.   So even with just one store, the owner must compete with the threat of someone adding a second store.  And even if that does not happen, the owner of the one store must keep his prices low enough to prevent people from moving out of town.  So there is that competition even without a second store.  In the calls for ending the so called freight rail monopoly, I don’t hear any mention of specific price gouging.  And without such unfair pricing, is the so called monopoly causing damage?  The anti-rail activists say it is.  They say that excessive rail pricing is hurting our economy.  Yet they say nothing about how much it is hurting the economy, or what the rail transportation price should be.
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