Unregulated monopolies
Web Science[1]
An unregulated monopoly has control over something and can do just about whatever it likes. [2]
For a true monopoly to be in effect, each of the following characteristics would typically be evident[3]:
- A sole provider of a viable product or service.
- A lack of any close substitutes for consumers to choose from.
- High barriers to dissuade the entry of any potential competitors.
Do you understand this?[edit]
From the IB: Develop an appreciation that the future development of the web will have an effect on the rules and structures that support it.
Standards[edit]
These standards are used from the IB Computer Science Subject Guide[4]
- Explain why the web may be creating unregulated monopolies.
References[edit]
- ↑ http://www.flaticon.com/
- ↑ https://www.quora.com/What-is-the-difference-between-a-regulated-monopoly-and-an-unregulated-monopoly
- ↑ http://www.investinganswers.com/financial-dictionary/economics/monopoly-943
- ↑ IB Diploma Programme Computer science guide (first examinations 2014). Cardiff, Wales, United Kingdom: International Baccalaureate Organization. January 2012.