Cross-Elasticity Of Supply Dooms Attempted Monopolization Claim, 11th Circuit Rules

Cross-Elasticity Of Supply Dooms Attempted Monopolization Claim, 11th Circuit Rules

ATLANTA - The 11th Circuit U.S. Court of Appeals on July 15 affirmed the dismissal of attempted monopolization claims brought by the losing bidder in a bankruptcy auction of a steel mill's assets against the successful bidder, finding that there was high cross-elasticity of supply, which deters monopoly pricing (Gulf States Reorganization Group, Inc. v. Nucor Corporation, No. 11-14983, 11th Cir.; 2013 U.S. App. LEXIS 14187).

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