Consumers of Google and Facebook services are disadvantaged because:
A) consumers do not have accurate information to make decisions.
B) potential competitors are unable to develop new competing technologies.
C) consumers are given a service that is now free, but which will cost significant sums later.
D) the data Google and Facebook collect on users is a barrier to entry to new competition.

Question

Quizplus · Accepted Answer

The data collected by Google and Facebook creates a significant barrier to entry for new competitors, as it provides these companies with a competitive advantage in terms of targeted advertising and personalized services.

Consumers of Google and Facebook Services Are Disadvantaged Because