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Where is the demonstrated consumer harm that warrants monopoly treatment? Adding private labels increases the amount of selection consumers have. You’d think w
by plandis 8y ago
Where is the demonstrated consumer harm that warrants monopoly treatment? Adding private labels increases the amount of selection consumers have.
You’d think we would hear more about it since basically every physical retailer owns their own brands that they sell in their own marketplaces already.
- jonahb 8y agoAs Elizabeth Warren makes clear in her post, "demonstrated consumer harm" isn't the only justification for antitrust action. We can't demonstrate the innovation that would occur in a competitive marketplace, but we break up monopolies with the faith that it will. This was the prevailing view until the late 20th century. Hopefully we'll get back to it.