Blog
Net monopolists
Geoff Riley
22nd November 2009
A hat tip to Jim for spotting this interesting piece by John Naughton in today’s Observer exploring the emergence of dominant monopolies in many web 2.0 application markets such as auction houses, social networking and web search engines. I have chosen the article as the basis for my students to post to our weekly forum. Are the likes of Facebook, Google and Amazon natural monopolies? Should we be concerned about dominant monopolies if they exist?
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.