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Please answer the following questions based on the posted reading The Web's New Monopolists by Justin Fox. 1. Contrast and compare the web/network-based monopolies that
Please answer the following questions based on the posted reading "The Web's New Monopolists" by Justin Fox.
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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