Part E: Antitrust: Lynchpin or folly?
anantulaEconomists generally agree that US antitrust policy is complex, changing over time, divided among several US federal government agencies, and subject to frequent court reversals. The underlying question remains whether the US needs more or less regulation of market structures. Key questions are: • Are US markets becoming less competitive because of mergers and acquisitions? • Are US markets becoming more competitive because of new technology? • Are US markets becoming more or less competitive because of globalization? • Is enough information available for wise antitrust enforcement?
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