Provide some background and data about developments in the digital economy. Explain why market power and monopolies are likely to emerge in the digital economy.
The situation: The rise of large tech firms has led to growing worries about (abuse of) market power and monopolies in the digital economy, and a call for increased antitrust action. In October 2020, the U.S. congress published a report calling for the break-up of big tech monopolies comparing the current situation to the age […]