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A host of best-selling books advance the thesis that increases in conglomerate mergers and concentration of U.S. industry are responsible for obscene profits. Do you

A host of best-selling books advance the thesis that increases in conglomerate mergers and concentration of U.S. industry are responsible for "obscene profits."

Do you agree or disagree? Defend your choice. Explain, using the Lerner Index.

Baye, R., & Prince, T. (2022).Managerial Economics & Business Strategy(10th ed.) [McGraw Hill]. McGraw Hill LLC.

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