(Answered) Assignmentread the following story google fined record 27

Economics

Assignment

Read the following story: Google Fined Record $2.7 Billion in E.U. Antitrust Ruling By MARK SCOTT.

Answer the following questions:

1. Based on what you read, do you think Google is a harmful monopoly that should be subject to U.S. anti-trust action? Explain.

2. Do monopoly powers harm an economy? How so?

3. Why is some degree of monopoly power permitted?

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