Competition Should Be Judged By How Well Consumers — Not Producers and Sellers — Are Being Served

Source: Cafe Hayek
by Don Bourdreaux

“Chris Jones attempts to justify antitrust actions against large retailers by complaining that small retailers during the pandemic faced ‘higher wholesale prices than competitors and less access to critical goods such as paper products, cleaning supplies and grocery staples’ (Letters, Jan. 10). Let’s describe the same situation more informatively: large retailers secured lower wholesale prices than competitors and more access to critical goods such as paper products, cleaning supplies and grocery staples.” (01/09/22)

https://cafehayek.com/2022/01/competition-is-judged-by-how-well-consumers-not-producers-or-sellers-are-being-served.html