What do you think of the statement "US tech markets are competitive, so there are no monopolies?"

Marketing Jan 13, 2021

Expert Solution

The statement is absolutely true.

The statement means that when markets are competitive, monopolies do not exist. It means that when there are equal opportunities available to all producers such that there are no producers with extremely large or small market power, no producer has the power to exploit the other. In such situations, monopolies cannot be created as no producer will be able to drive out the other producer by initiating a price war.

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