Parts of the Biden administration, Federal Trade Commission, Congress, and media believe the past 40 years of consumer-oriented antirust analysis and enforcement have enabled the growth of market power and anticompetitive behavior. Members of both parties seem to newly believe that big firms are always bad, and they are advocating for less emphasis on economics in antitrust under the premise that empirical research is too burdensome and ineffective. Why is this line of thinking gaining such momentum in our governing system? What is the proper role of economic analysis in antitrust?

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