Australia's least-competitive industries earning 'super-profits'

By Ross Gittins
Updated December 31 2017 - 11:08pm, first published 11:01pm
IGA AFR PHOTOGRAPH BY GLENN HUNT 03042012.
GENERIC-Fortitude Valley IGA store.
IGA AFR PHOTOGRAPH BY GLENN HUNT 03042012. GENERIC-Fortitude Valley IGA store.

Economists joke that, whereas they are taught that any barriers to new firms entering a market are bad, allowing profits to be too high, MBA students are taught that "barriers to entry" are good, and shown ways to raise them.

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