The Economist (July 1)
2017/ 07/ 02 by jd in Global News
The European Commission levied a record-setting fine on Google. “The size of the fine the tech giant will have to pay for abusing its monopoly in online search, €2.4bn ($2.7bn), sets a record for European antitrust penalties,” but it remains to be seen whether Google will have to cough it up. The tech firm has promised an appeal. By no means is this case clear-cut, but its resolution should further thought on the extent to which “network effects create high barriers to entry in online markets.”
Tags: Antitrust, Barriers to entry, European Commission, Fine, Google, Monopoly, Network effects, Search, Tech
