Yahoo! News – Jun. 11—The average consumer probably isn’t pondering how PepsiCo controls more than 80% of the dip market when they’re standing in the grocery store picking up a Tostitos creamy spinach dip for a cookout or Super Bowl party.
But when setting the backdrop for a conversation about the factors in inflation — which economists mainly cite as pandemic-induced disruptions in supply and demand and the war in Ukraine, with dispute over the impact of stimulus packages — lack of market competition is something economist Fred Carstensen can’t emphasize enough. He cites the impacts of the United States largely abandoning antitrust policy over the past 40 years.