it must raise prices to make up for the losses it incurred by cutting its prices so low. And it can raise prices with impunity, now that the competition has been eliminated. This disadvantages both consumers and workers. Predatory pricing violates antitrust laws and, if proved in court, may...
Many governments around the world offer subsidies to clean energy producing industries. Why? Why does the government seem to worry about oligopolies fixing prices? If the government wanted to increase the amount of a good produced, without the cost showing up in ...