Here’s How They Play Monopoly in America, and Who Wins
Market concentration in the U.S. has reached a three-decade high, while the government has opened fewer antitrust cases.
Monopoly board game
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Competition in the marketplace is a good thing. Lower prices. More innovation. Better goods and services.
Now we may have too little of that good thing, as big corporations gobble up the economic pie. Market concentration has reached a three-decade high and, since the late 1990s, has increased in more than 75 percent of U.S. industries, according to a working paper given last week at the University of Chicago's Booth School of Business. Market concentration is how much of a market, such as the wireless or automobile market, the leaders in that industry control, by revenue.