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Introduction Economics is in essence concerned with how we grow the pie , and how we divide the pie . The importance of the latter has for a number of economists waned in recent years, which is unfortunate. The ACCC does not directly target economic growth or inequality, but our work has important implications for both. For example, a lack of competition will see less investment, innovation and lower productivity. Unchallenged economic rents, of course, favour those who benefit from them at the cost of those who do not. These points are more important than ever with the continuing effect of and recovery from COVID-19.

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