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Mike Munger - What’s Wrong With Anti-Trust and Industrial Policy?

The Curious Task

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What's the Difference Between Anti Trust and the Consumer Welfare Standard?

Under the consumer welfare standard, the structure argument goes through unscathed. If you have five firms and there's a merger and you end up with two, that's pretty close to a monopoly that harms consumers. What got stripped away was all the stuff about the second clause, which is practices - resale price maintnage. And perse just means on its face that it just the practice itself. All you have to do is prove the company did this. Now the government, if they wanted to bring charges, had to prove that they did this and that it harmed consumers. In the murder trial, i have to say i didn't do it. If here i can say, yes

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