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FTC Has Excessive Market Power

FTC Has Excessive Market Power

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April 24, 2010

What should become of “Dollar Thrifty Automotive Group”? Should it go to Hertz? Should it go to Avis? How will this affect competition with Enterprise? I have no idea. Neither does the FTC, of course. But that it will not prevent it from issuing a decree obviating the judgment of the market. (Incidentally, this report from Reuters was written by Bijoy Koyitty in Bangalore--remarkable testimony to the globalization of business and business commentary.)

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