Brian Albrecht says much of the rise in market power reflects sales shifting to firms that already had high markups, not a broad increase in markups within firms. Citing The Rise of Market Power, he says roughly two-thirds of the increase comes from that reallocation.
published
Brian Albrecht says much of the rise in market power reflects sales shifting to firms that already had high markups, not a broad increase in markups within firms. Citing The Rise of Market Power, he says roughly two-thirds of the increase comes from that reall
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