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The purpose of anti-trust is to prevent firms from exercising market power that leads to predatory pricing and anti-competitive behaviors that lower social surp
by theharrychen 4y ago
The purpose of anti-trust is to prevent firms from exercising market power that leads to predatory pricing and anti-competitive behaviors that lower social surplus and innovation. There's a whole subfield of economics called Industrial Organization that tackles this.
- deleted 4y ago[deleted]