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Actually he is making the counterargument to anti-trust, which is that integration increases efficiency and total surplus.
by morpheuskafka 4y ago
Actually he is making the counterargument to anti-trust, which is that integration increases efficiency and total surplus.
- sScTE9qEMCxEk34 4y ago90% of the "efficiency" and "surplus" is the fact that no one can effectively compete. Which is why it's anti-competitive.