In regulated markets, the threat of new competitors can lead dominant firms to pull back
Market power has increased in recent decades — especially in the US, where many industries have been captured by a single big player. Image: Shutterstock
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up : <a target="_blank" href=" https://www.gsb.stanford.edu/insights/about/emails"> https://www.gsb.stanford.edu/insights/about/emails</a>]]