Why have firms such as Google, Facebook, and Amazon gained monopoly power in search, social media, and

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Why have firms such as Google, Facebook, and Amazon gained monopoly power in search, social media, and online retail, respectively, despite potential competitors having virtually unrestricted access to the internet? What economic concepts explain their ability to monopolize these markets?

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Essentials Of Economics

ISBN: 9781265166632

5th Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean Masaki Flynn Dr.

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