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1. Big companies such as Google, Amazon, and Microsoft have been accused of being monopolies. What is a monopoly and why is it bad for

1. Big companies such as Google, Amazon, and Microsoft have been accused of being monopolies. What is a monopoly and why is it bad for consumers?

2. If your favorite social media app started charging for usage, would you pay? If so, how much would you pay? If not, why wouldn't you pay?

3. Think of a product or a service that was once expensive that is now very inexpensive. What caused the price to decrease? Do you think there would be a way to increase its price again? Why or why not?

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