University of Illinois at Urbana Champaign Monopolies Economics Discussion
Description
1. Contrast and compare the web/network-based monopolies that Fox discusses to traditional monopolies in terms of (a) consumer substitutability, and (b) barriers to entry.
2. Would society gain or lose if these monopolies’ practices were regulated in any dimension? Consider issues like overcharging, incentives for innovation, exclusion of competition, and any other ones you think may be important.
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