Google is often cited as an example of a company that grew into a monopolist through:
A)ownership of a scarce resource.
B)patents.
C)network externalities.
D)economies of scale.

Question

Quizplus · Accepted Answer

Google's growth into a monopolist was largely due to network externalities, meaning that Google's value increased as more people used it. As it became more popular, it became increasingly difficult for competitors to attract users away from Google's established network. While economies of scale also played a role in Google's growth, it was not the primary factor underlying its monopoly status. Ownership of a scarce resource and patents are not significant factors in Google's case.

Google Is Often Cited as an Example of a Company