The Truth Hurts:
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MasterCard, Discover, and AMEX say "Hi.".
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Not valid. An organization that holds over 70% of an industry *is* a monopoly.
The FTC were slammed for considering an increase over 35% in US media holdings by a group of corps. Even then, they were only proposing 40 something % - not in any way near the monopoly power of VISA.