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Noah Smith
@NoahSmith
·
May 2, 2022
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Interesting thread about how monopoly power affects stock valuations:
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May 2, 2022
DOW 10,000 If market power of the dominant firms were eliminated, the Dow Jones index would fall below 10,000 If market power didn’t increase, the Dow Jones index would grow at the rate of GDP growth (+/-2%) 1/10
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Jan Eeckhout
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https://www.upcarta.com/posts/17056
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