Therefore, using only consumer price inflation to conclude that market power is not on the increase is short-sighted.
One cannot assess the overall economy’s dynamism using just a handful of firms, as the effects of market dominance are felt more broadly.
Changing demographics may well determine how we adjust our legal and regulatory regime to ensure that the economy remains as competitive as possible.
Intensifying market power could help explain two US economic trends: growing corporate profit margins and sluggish wage growth. How might regulators respond?