Many industries also enjoy a higher degree of visibility than the broader economy, such as healthcare where innovative products and inelastic demand can create monopolistic market positions which persist for a decade or more.

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Salinas thrives on forcing new competition--and lower prices--on monopolistic industries, targeting a booming market his competitors have ignored: Mexico's poor.

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However, Qualcomm has already taken an almost monopolistic control over the nascent LTE baseband market.

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Under the new law, a regulatory autonomous body formed by seven regulators, known as the Federal Institute of Telecommunications, will have the power to revoke operating licenses for monopolistic practices and to stop companies from controlling more than 50% of market share.

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Regulate in some manner the monopolistic part but not that which can quite happily be dealt with by the market.

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Now, antitrust practitioners view how a monopolist came to dominate a market and whether it obstructs competitors in a way that hurts consumers in exerting its monopolistic power.

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