69 Am. U. L. Rev. 1713 (2020).
* Chancellor’s Professor of Law, University of California Irvine School of Law. The author thanks Christine Bartholomew, Aaron Edlin, Lina Khan, Jack Kirkwood, Bill Kovacic, Doug Melamed, Tony Reese, and Sean Sullivan, as well as the participants in the California Antitrust Law and Innovation Forum (CALIF) Antitrust Scholars Roundtable for their comments and suggestions.
“[C]ircumstantial evidence is the lifeblood of antitrust law.”
—United States v. Falstaff Brewing Corp.1410 U.S. 526, 534 n.13 (1973).