Question
34. The following appeared in article titled How Big Tech lost the antitrust battle with Europe, which appeared in the March 21, 2022 edition of
34. The following appeared in article titled "How Big Tech lost the antitrust battle with Europe," which appeared in the March 21, 2022 edition of Financial Times:
"Andy Yen has big dreams for ProtonMail, the secure email service he founded in 2014 that now has 50mn users worldwide...
But he says Proton can never be a true competitor to Google while the internet continues to be an unregulated wild west. 'We grow based on the goodwill of tech giants,' Yen says from his head office in Geneva. In fact, he says, the same goes for his company's very existence. 'Tech giants could today remove us from the internet with zero legal or financial repercussions.'"
Based on Mr. Yen's statement, what is the best description of the "tech giants" source of market power?
a. Natural monopoly
b. Product differentiation
c. Government regulations.
d. Control of a key input.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started