Challenging Antitrust
Don challenges the common belief that government intervention through antitrust laws is necessary to ensure market competition. He argues that just because an industry doesn't have an infinite number of firms doesn't mean it's monopolized or has monopoly power. He sheds light on the historical origins of antitrust legislation and questions the accuracy of the standard story about robber barons exploiting consumers.In this clip
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EconTalk
Don Boudreaux on Market Failure, Government Failure and the Economics of Antitrust Regulation
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