Question: Antitrust authorities must address a critical and empirically difficult policy
Antitrust authorities must address a critical and empirically difficult policy problem: Does seller concentration in a market ordinarily result in increased prices? That is, in a particular market, are fewer firms with larger shares likely to produce higher prices than would be the case with a more fragmented market? Free-market theorists are generally untroubled by concentration. What do you think? Explain.
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