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features of a monopoly, economics homework help
One of the features of a monopoly is immense degree of market power. Current technology companies like Google and Facebook are the dominant player in their specific industries. Can they be considered a monopoly? You have to chose one of the following two statements and explain in about half a page or two paragraphs why you agree with it. Make use of research and data to strengthen your argument.
Statement 1: I agree that Google is a Monopoly and that it’s harmful to consumers.
OR
Statement 2: I disagree that Google is a monopoly and that it is harmful to consumers.
To start off your research here are two links:
http://www.businessinsider.com/peter-thiel-google-…
https://www.nytimes.com/roomfordebate/2016/04/28/i…
thanks
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