Xander's owns 70 percent of the market share for aluminum tennis racquets. Under Section 2 of the Sherman Act this is considered

A) a monopoly
B) a profiteering
C) a market share
D) a violation of law
E) a profitable company

Sherman Act

A landmark federal statute in U.S. antitrust law prohibiting monopolistic business practices and ensuring competition.

Monopoly

A market structure characterized by a single seller who has total control over a particular product or service.

Market Share

A firm’s fractional share of the relevant market.