From New York Times: “United Airlines and US Airways announced today that they had called off their proposed If there are more firms in the market there is more competition. If there is more competiton prices get bid down as companies compete for business. Lower prices are good for consumers (who also vote and outnumber business people) while higher prices are good for businesses. The Justice Department's Anti-Trust division is tasked with fighting monopolistic behavior on the part of firms because monopolies are not good for consumers but consumers lack the power to fight monopolies. |