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Net monopolists
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?
