Competitive tensions

Published 9 Sep 2020 | Richard Heath, Executive Director, AFI

Jed Sullivan - Balance of Trade
Articles about competition policy often tend to open with a statement along the lines of: Competition is central to the operation of markets, and fosters innovation, productivity and growth, all of which create wealth and reduce poverty. Even though that statement is definitive, it will be inevitably followed by a qualifier: but markets do not always work well.

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