Superstar firm, markups and competition

article on the Economist about the rise of markeups, concentration of that rise on 10% of superstar firms, role of intangibles

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“Economists are sometimes accused of having “physics envy”—that is, of coveting the precision of the hard sciences. But if economics has a law worthy of the name, it is that firms prefer to merge than to compete.” unsurprisingly, top move in McKinsey book


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