An article in the Wall Street Journal, discussing large high-tech firms such as Amazon, Microsoft, and Google,
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An article in the Wall Street Journal, discussing large high-tech firms such as Amazon, Microsoft, and Google, stated, “Today’s high-tech giants may not be monopolies in the most classic sense…. [Demand] for technology products and services keeps increasing…. That leaves a lot of potential upside for a small group of big players that already have demonstrated that scale matters.”
a. Why would high-technology firms not be considered monopolies in the “classic sense”?
b. Why would the article state that for the most profitable high-technology firms, “scale matters”?
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a Hightechnology firms such as Amazon and Google have achieved large market shares ...View the full answer
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