Jun
04

Terrible Tobacco

The proposed merger between cigarette makers Reynolds American and Lorillard would create a behemoth with 40% of the US cigarette market, behind Altria’s 50% market share! The government is now concerned about antitrust issues given two firms with 90% of the market. Are you kidding me! Is the government’s job to protect smokers from price gouging duopolists? Let them merge, collude and raise cigarette prices! Public health will be improved.

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