can someone explain why market concentration doesn't further the issues of inflation? I can understand that it doesn't CAUSE inflation. But doesn't it make it worse? Basic econ 101, markups are higher and that's exacerbated due to inflationit's not inflation if it increases the capital share, it's a Kaldor fact, look it up
but can you just agree that yes, sir, inflation is worse under higher market concentration versus otherwise.
Even in the NK model, prices rise alongside what other firms are doing. This is known in the theory. WE BUILD MONOPOLISTIC PRICING INTO THE NK MODEL FOLKS ITS LITERALLY BUILT INTO THE MODEL WITH DIXIT-STIGLITZ PREFERENCES