Rising concentration and growing monopoly power in the 21^st century is a feature of mature industries such as beverages,chemicals,and mining.In technology-based sectors,the disruptive effects of digital technologies ensure robust,dynamic competition.

Question

Quizplus · Accepted Answer

The statement is incorrect. Rising concentration and growing monopoly power are also a feature of technology-based sectors, as seen in the dominance of companies like Google, Amazon, and Facebook in their respective markets. While digital technologies can disrupt markets, they can also contribute to the growth of dominant players.

Rising Concentration and Growing Monopoly Power in the 21st Century

Rising Concentration and Growing Monopoly Power in the 21^st Century