Learn the difference between a monopoly and an oligopoly, both being economic market structures where there is imperfect competition in the market.
Regulations can create the monopolies they’re meant to prevent Why do large companies sometimes lobby for regulation in their own industries? When major crypto exchanges advocate for licensing or tech ...
How can Congress regulate AI? Erect guardrails, ensure accountability and address monopolistic power
OpenAI CEO Sam Altman urged lawmakers to consider regulating AI during his Senate testimony on May 16, 2023. That recommendation raises the question of what comes next for Congress. The solutions ...
Regulations designed to protect consumers can reshape competitive dynamics in ways lawmakers don’t anticipate. Why do large companies sometimes lobby for regulation in their own industries? When major ...
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