Its business model heavily relies on collecting user data to personalize ads based on the user’s search history and location. The company’s primary source of revenue is advertising, and it currently controls a striking portion of the global advertising revenue, estimated to be around $224.47 billion in 2023. Thus, it is a superior player in the industry. Google has a significant market share in the internet industry compared to its competitors, such as Microsoft and Yahoo. Monopoly Examplesīelow are the different Monopoly Examples: Example #1: Google Government Monopoly: It is a monopoly where the government owns and controls a particular industry, sector, or business.Įxample: Water supply, electricity distribution, and mail services are prominent examples of government monopoly. Technological Monopoly: It is when a company or business has access or exclusive rights over a technology or manufacturing method that no one else can use.Įxample: Pharmaceutical companies with patents for certain medicines can fall under technological monopoly examples.Ĥ. Geographical Monopoly: It is when there are no other sellers available in that part of the world.Įxample: A local cable servicing company has a monopoly in a particular area in a city.ģ. It also has many barriers to entry into the market.Įxample: The most familiar examples are the oil and gas, railway, and aviation industries.Ģ. Natural Monopoly: It is a situation where it is best if only one seller makes and sells a product.
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