It is often said that there exists a fundamental contradiction in capitalist ideology:  Competition is regarded as a virtuous necessity, but firms are driven to dominate particular industries in practice. long and explanatory answers please What are the implications for industrial policy and the regulation of business ? What are the implications for industrial policy and the regulation of business ?

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter8: Costs And The Supply Of Goods
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It is often said that there exists a fundamental contradiction in capitalist ideology: 

Competition is regarded as a virtuous necessity, but firms are driven to dominate particular industries in practice.

long and explanatory answers please

What are the implications for industrial policy and the regulation of business ?




What are the implications for industrial policy and the regulation of business ?




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