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Is Lack of Competition Strangling the U.S. Economy?

RedBall Project by Kurt Pershke; Photography by Brit Worgan   

Despite their undeniable popularity, Apple, Amazon, Google, and Facebook are drawing increasing scrutiny from economists, legal scholars, politicians, and policy wonks, who accuse these firms of using their size and strength to crush potential competitors. (Their clout caught the attention of European regulators long ago.) The tech giants pose unique challenges, but they also represent just one piece of a broader story: a troubling phenomenon of too little competition throughout the U.S. economy.

A version of this article appeared in the March–April 2018 issue of Harvard Business Review.

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