economics assignment 63

You should be able to

demonstrate clear knowledge and understanding of monopoly power and consumer welfare. clearly apply your knowledge to issues surrounding monopoly power in internet and technological markets (you may wish to use Google, Facebook, Amazon or Spotify as working examples, but are not restricted to only these firms). You may wish to consider the current growth of these firms and the nature of the markets that they operate in. provide relevant and precise economic analysis of the strengths and weaknesses of extensive monopoly power on consumer welfare. You may wish to consider the different ways in which consumers may be impacted by such firms. provide an evaluative judgment on whether the strengths of significant market power in internet and technological markets outweigh the weaknesses, or vice versa. demonstrate effective study skills in the research and presentation of your work.