News for hackers. Stuff that matters.
Re:Biden launches action on "Big Tech, Big Pharma, and Big A... by foota on Sunday July 11, 2021 @07:06PM (#27805244)
I don't know if I would argue it applies to tech, but the economic term for this is a "natural monopoly", a market where the most efficient outcome is to have a single supplier. A common example is electrical transmission, since it wouldn't make sense to have 3 separate overlapping distribution networks. These are typically allowed to exist by regulation and controlled in some way, for example there is the common carrier concept for electrical transmission.

There are no comments on this comment yet.