Market power, monopoly power, government interventions, and formal institution regulations.
Description
Use the following book as a reference
1. Global Business, 4th Edition, 2017 by Mike Peng textbook (ISBN: 9781305500891, 2. Christian Bible
Think about market power, monopoly power, government interventions, and formal institution regulations as you write an APA-style research paper. Address the questions below.
It is not a secret for anyone that Apple has an enormous market power in the app retailing market. Apple’s App Store is the second largest app retailer in world (behind Google Play) it has a 15% market share around the globe and over 60% market share in the US. It has also been a center of some heated debates lately.
Consider the following cases, but feel free to bring other relevant example to enrich and deepen your arguments .
Fortnite sued Apple for abusing of its market powers by forcing its user to utilize Apple’s own payment platform. Do you think Fortnite has a point here? Should activities of huge companies with oligopolistic or even monopolistic power be regulated and restricted?
Coalition for a Safer Web is suing Apple for failure to remove Telegram from the App Store. What is your opinion on this case? Should such matters be regulated? Free market dictates that consumers should be able to punish and reward companies’ behaviors through continuous purchases. However, does it work in a oligopoly situation? If Google Play and Apple make the same decision (think Parler) consumers are stripped of any ability to switch their buying patterns.
Consider the fact that all companies involved are MNEs with strong presence around the globe. How would decisions made based on US events will impact consumers around the globe?
Verbalize a Biblical perspective on market powers and the role of government in business opportunities. Include examples to support your position.
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