Question

The world sees tech companies as giants with trillion-dollar market values and global networks. Cue renewed regulatory efforts to undermine their dominance. Shortly after the EU agreed stringent legislation to regulate Big Tech, the UK this week set out details of its plan. Such moves are a response to Big Tech’s competition-stifling scale. Amazon will account for an estimated 39.5 per cent of the US e-commerce market this year, according to research. Meta has 3.6bn users around the world and is the world’s largest social media company. Google has 92 per cent of the search engine market, according to data.
Which of the following is the most appropriate assumption required by the above passage ?

• A. Tech companies with small market shares will go bankrupt not survive in the absence of regulatory intervention.
• B. The regulatory efforts will help bolster the market shares of the competitors of Amazon, Meta and Google.
• C. Regulators have been struggling to rein in Big Tech.
• D. Tech companies with large market shares merit regulatory intervention in order to maintain competitive markets.

Answer 1

Answer: (D)

Tech companies with large market shares merit regulatory intervention in order to maintain competitive markets.

Answer 2

The correct option is (D): Tech companies with large market shares merit regulatory intervention in order to maintain competitive markets.