Edmund Phelps

With less competition to fear, companies are emboldened to raise their mark-ups and profits. That lifts share prices and thus the wealth of already wealthy shareholders.
With less competition to fear, companies are emboldened to raise their mark-ups and profits. That lifts share prices and thus the wealth of already wealthy shareholders.
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company  competition  embolden  

These are some quotes by American author Edmund Phelps Economist, who was born on July 26, 1933.