In many modern economies, tech-driven sectors such as cloud services, mobile application distribution, and online ride-hailing are increasingly dominated by a tiny number of dominant firms, creating highly concentrated oligopolistic markets.
Evaluate the view that rising market concentration in tech-driven oligopolies inevitably leads to collusive pricing behavior and a reduction in consumer welfare, rather than dynamic efficiency and product innovation. Refer to industries of your choice in your answer.
40 exam-style questions on Edexcel A A Level Economics 3.4.4 Oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.