When Bigness is Good

Standard economic analysis suggests that large, dominant firms can wreak havoc on markets. What's more, these large, dominant firms can use their big-ness to move other markets, sway public opinion, influence voting, and buy political favors from elected officials. But is the solution to big-ness breaking these large firms into several smaller firms? Is there a defense of big firms and a way to mitigate these problems (and more) while keeping the benefits of big-ness?  In this lecture, we explore what "big-ness" means, the problems it may cause, the benefits it may come with, and solutions to its alleged problems.