Introduction

Clifford Winston

Chapter Chapter 1 in Market Corrections Not Government Interventions, 2025, pp 1-5 from Springer

Abstract: Abstract Economists have long argued that government should complement markets by implementing a policy intervention if markets fail. For example, if a firm monopolizes a market by using anticompetitive strategies and sets supracompetitive prices, they hold that the antitrust authorities should bring a monopolization case against the firm and seek a remedy that eliminates the cost to consumers from elevated prices.

Date: 2025
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DOI: 10.1007/978-3-031-92815-4_1

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