There is growing momentum to use antitrust laws against giant tech companies in the United States like Google and Facebook. The goal of this team assignment is to evaluate the likely costs and benefits of such action. The final response should be in narrative form (do not simply type piecemeal answers to the questions below), but you should consider the following questions:

1. Are Google and Facebook monopolies? Describe the criteria from the readings and then justify your position using features of the markets for search engines and social media platforms.

2. What are the primary concerns regulators have about these firms? Is there harm being done to consumers? Hint: there are several concerns.

3. Is the use of antitrust legislation likely to help alleviate the concerns regulators have? Why or why not? What form might regulation take? What has been the result of previous antitrust interventions in tech industries (e.g. Microsoft)? Can you foresee any unintended consequences of antitrust intervention?