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William Bishop, Sep 01, 2008
The Whole Foods judgment in the US Court of Appeals for the DC Circuit appears to have shocked many US antitrust commentators. Judge Kavanaugh, dissenting, expressed a view that has echoed through the advisory community, “In the end the FTC’s case is weak and seems a relic of a bygone era when antitrust was divorced from basic economic principles.” While I understand the reaction, as an economist
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