The dominance of tech companies can significantly affect competition in the market. These companies, due to their size and influence, can create a monopolistic or oligopolistic market structure, where a few firms dominate. This can lead to reduced competition as these companies can control prices, dictate terms, and create barriers to entry for smaller firms. Additionally, they can also influence innovation and technological advancements in the market. However, it's important to note that this dominance can also lead to antitrust issues and calls for regulation.
Ever wonder why Silicon Valley seems omnipotent in every arena, not only in technology and business...
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