Friday 23 September 2011

A Google Monopoly Isn't the Point

Much has been made of Google Chairman Eric Schmidt’s admission on Wednesday that the Web giant might be a monopoly, which came during his testimony before a Senate hearing into Google’s market dominance and its effect on consumers and the marketplace. Despite howls of outrage at Google’s size ...


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  • Google Monopoly


  • I have come to the conclusion that Google has evolved into what economists call a "natural monopoly". When this situation occurs it is always cheaper for one large firm to ...

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