Office Hours: Fake brand competition, monopoly power, and inflation

Why do the media and lawmakers blame wages instead of monopoly power?

If you watched the Super Bowl last Sunday, you might have seen an ad where spokesmen for Coors and Miller Lite got into a physical fight over which beer the ad was for — only to have it revealed at the end that it was an ad for Blue Moon.

Of course, it was really an ad for all three beers, which are owned by just one big corporation, Molson Coors. In fac…