Economist Dr. James Wong argues that the concentration of wealth in technology companies represents a new form of monopoly that traditional antitrust tools cannot address.
Which economic analysis would best support Wong's new-monopoly claim?
Tech companies are large
Traditional antitrust focused on price increases, but tech monopolies provide free services while extracting value through data; network effects create winner-take-all markets; and platform control enables anti-competitive behavior invisible to price-based analysis
Regulations exist
Markets change over time
Correct Answer: B
Choice B is the best answer. Non-price extraction + network effects + platform control proves traditional tools miss the mechanism.
💡 Strategy: "New form" claims need evidence that existing categories fail to capture phenomenon.