Dear Readers,
The notion of a competitive “moat” (perhaps most famously popularized by investor Warren Buffett), can be understood as a protective barrier that gives a company a durable competitive advantage in its industry. The concept of a “moat” is therefore highly relevant to antitrust analysis, because it can help to distinguish between legitimate competitive advantages and anti-competitive practices that entrench market power.
To open, Allison Holt, Sushrut Jain & Ashley Zhou e
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