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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.

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Introduction

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  • 发表日期：

    2025年

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  • Clifford Winston

摘要

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.