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Essential UCLA School of Economics: Confusing Efficiency for Market Power

Автор: The Fraser Institute

Загружено: 15 июл. 2021 г.

Просмотров: 828 просмотров

Описание:

Some people think that the reason large firms in concentrated industries are so profitable is because their size gives them the power to charge higher prices, force competitors out of business and prevent new companies from entering the market. But as the UCLA School of Economics explained, some large firms in industries with few competitors are more profitable because they are more efficient, an insight which fundamentally changed government regulations the United States and around the world. Watch this video to learn more, and visit www.essentialUCLAeconomics.org.

Essential UCLA School of Economics: Confusing Efficiency for Market Power

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