In this short video for students taking courses in microeconomics, we look at the rise to prominence of platform businesses.
A platform business is a business model that focuses on helping to facilitate interactions across a very large number of participants (buyers and sellers).
Digital platforms are proliferating in many countries and many sectors of the economy, but the size and market power of some platforms means competition authorities are facing calls for tougher action to address concerns that some platform businesses have too much market power which can have damaging consequences for consumer and social welfare.
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