View: India needs to understand a new source of monopoly power: the network effect

View: India needs to understand a new source of monopoly power: the network effect

The question is complicated by a separate but important issue: checking monopoly power bestowed by the internet on early movers. Historically, a monopoly was defined as a producer, or bunch of producers, gaining such a high market share that they could manipulate prices and supply to mulct consumers.

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