America’s antitrust policies are stuck in the 1980s. That was when courts and regulators started depending on what’s called the consumer-welfare requirement. Articulated in Robert Bork‘s 1978 book, “The Antitrust Paradox,” the basic changed classical antitrust analysis, which focused mainly on promoting competitors. Courts and regulators are expected to consider a range of customer advantages, consisting of lower costs, increased development and a much better item quality.
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