As competition flags, the rip of inequality widens
The New York Times - 07/12/2016
Still, it would seem foolhardy to ignore the growing footprint of dominant companies, strutting their stuff across the broader economy.
The best-understood downside comes from rising prices. John Kwoka, an antitrust expert at Northeastern University, made a study of dozens of mergers that were reviewed and ultimately approved by regulators. In 75 to 80 percent of the cases, they led to substantial price increases.