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by zozbot234
2386 days ago
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It's not clear. Antitrust policy only matters (in the sense of having positive effects!) in the presence of barriers to entry (non-contestability), and when these barriers are present it matters regardless of how the dominant firm got so big. So I think the folks who are pursuing this line of research are either confused, or at best they're reaching the same conclusions as mainstream scholarship in a very roundabout way. |
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