The chief reason that I believe is in play is the monopoly. The term monopoly is often used to describe an entity that has total or near-total control of a market. For many years, Microsoft Corporation had a monopoly on the software and operating systems that are used in computers. In this scenario, an industry has many businesses that offer similar products or services, but their offerings are not perfect substitutes. In a monopolistic competitive industry, barriers to entry and exit are typically low, and companies try to differentiate themselves through price cuts and marketing efforts. Some examples of monopolistic competition include retail stores, restaurants, and hair salons. Companies that have patents on their products, which prevents competition from developing the same product in a specific field can have a natural monopoly. Patents allow the company to earn a profit for several years without fear of competition to help recoup the investment, high start-up, and research and development costs that the company incurred. Pharmaceutical or drug companies are often allowed patents and a natural monopoly to promote innovation and research. Usually, there is only one major company supplying energy or water in a region or municipality. The monopoly is allowed because these suppliers incur large costs in producing power or water and providing these essentials to each local household and business, and it is considered more efficient for there to be a sole provider of these services. Imagine what a neighbourhood would look like if there were more than one electric company serving an area. After a years-long drought, a wave of technology start-ups -- Uber, Lyft, Pinterest and more -- are going public, evidence that the sector is thriving. It is true that big tech companies helped create the current wave of start-ups. Cloud providers like Amazon Web Services make it possible for businesses to grow quickly without having to build their own server farms. , which specializes in a niche type of cloud computing, has benefited from distribution partnerships with Google and Amazon, helping it raise more than $180 million in its May IPO. Search engines, such as Google, may modify their search algorithms and policies or enforce those policies in ways that are detrimental to us. Apple has cracked down on this practice in its Safari browser, and Google has made moves to limit it on Chrome as well.
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