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November 8, 2024 11 mins

What is the cellophane fallacy? Is it more than just the fallacy of thinking you can use aluminum foil to do all of the jobs of cellophane (don’t try that at home!) Host Gwendolyn Lindsay Cooley is joined by Connecticut Assistant Attorney General Victoria Field and Massachusetts Assistant Attorney General Katherine Krems as they dive into market definition and substitution analysis and why it may not be enough to just use cross elasticities of demand.

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