that's why I don't like the word "welfare" associated with antitrust policy, because it does go beyond price/output/innovation; but antitrust does not control the entire policy world.
Also, there are many who are arguing that welfare goes beyond price and output, but aren't saying those are absolute horrible terrible no good things.
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Replying to @Sherman1890
And I don't like sole focus on output because output by itself may or may not improve welfare. Same with lower prices.

Nov 7, 2025 · 4:03 PM UTC

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