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The public’s perception of monopoly has also shifted. In 2024, high inflation has been partially attributed to firms with market power using “greedflation”—raising prices faster than costs because consumers have no alternatives. For example, meatpacking consolidation (four firms control over 70% of beef processing) has been linked to volatile grocery prices. Similarly, in rental housing, algorithmic pricing software used by large landlords has facilitated tacit collusion, driving rents higher in major cities.