Monday, May 17, 2010

Monopoly without monopoly power?

I see Jerr Dan as the only game in town (here in Washington, DC). They seem to be the only company that outfits tow trucks.

Hoovers lists Peterbilt and Mitsubishi as some of its competitors which seems to my untrained eye to be non-existent. My question: Are they a monopoly? If so do they exert monopoly power via high prices, etc.?

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