Question
The Open Markets Institute Report on America's Concentration Crisis (https://concentrationcrisis.openmarketsinstitute.org/) presents a collection of markets where concentration is very high (based on the dominant firms'
The Open Markets Institute Report on "America's Concentration Crisis" (https://concentrationcrisis.openmarketsinstitute.org/) presents a collection of markets where concentration is very high (based on the dominant firms' market shares). Select two markets from the report; one should be a market in which concentration is likely to lead to more consumer harm (higher prices, lower consumer surplus) and one a market which leads to less consumer harm. Explain/justify the markets you select and make sure to specifically refer to the economic factors that create monopoly power from the lectures/slides. Make sure to pick two markets where the contrast between higher and lower consumer harm is very clear. Avoid personal opinions in your explanation. Graphs are optional.
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