market structures application Flashcards
UK monopoly news
Digital Markets Regulation: The Digital Markets, Competition and Consumers Act 2024, effective from January 1, 2025, grants the Competition and Markets Authority (CMA) enhanced powers to regulate firms with Strategic Market Status (SMS). This includes companies with significant control over digital markets, ensuring they don’t exploit their dominant positions to the detriment of consumers and competitors.
Investigation into Apple and Google: In January 2025, the CMA launched investigations into Apple and Google’s mobile platforms. The focus is on their operating systems, app stores, and browsers to determine if their market dominance harms consumers and businesses
natural monopoly notes
Transport for London (TfL): As the primary provider of public transportation in the capital, TfL operates as a natural monopoly. While there haven’t been specific recent news articles detailing changes to TfL’s structure or operations, the organization continues to face financial challenges, especially in the wake of reduced ridership due to the pandemic. Discussions around funding, fare adjustments, and service provisions remain pertinent to its monopoly status.
