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Are Markets Becoming Less Competitive?

Timothy Sablik and Nicholas Trachter

Richmond Fed Economic Brief, 2019, issue June

Abstract: National markets in many U.S. industries seem to be increasingly dominated by large companies. Some policymakers have argued that this growing market concentration is a sign of weakening competition, but concentration by itself does not necessarily translate into market power. It may be too soon to reach a decisive conclusion about whether market power, not simply market concentration, is on the rise.

Keywords: markets; economy (search for similar items in EconPapers)
Date: 2019
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