For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. Please answer questions below with references and explanations.

• In a global market, where U.S. firms compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context? Include at least one reference from the readings in your answer.
• Intellectual property laws are intended to promote innovation, but some economists such as Milton Friedman have argued that such laws are not desirable. Do you agree/disagree with M. Friedman's argument in this context? Include one example and at least one reference from the Wall Street Journal, The Economist, or the New York Times to support your response.
• Considering the regulatory aspect of businesses today, can you think of one reason why intellectual property laws may hinder progress for businesses. Include one example that supports your explanation to the question.

https://openstax.org/books/principles-economics-2e/pages/11-introduction-to-monopoly-and-antitrust-policy

https://openstax.org/books/principles-economics-2e/pages/10-introduction-to-monopolistic-competition-and-oligopoly

https://openstax.org/books/principles-economics-2e/pages/9-introduction-to-a-monopoly