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Antitrust law in the United States has been characterized as “a blunt-force weapon” that has come to consider reductions in competition (such as Facebook acquiring Instagram) through these reductions’ effect on consumer prices. Yet the “tech giants” (like Facebook, Google, Amazon, and Apple) charge significantly different “prices” to different users of their services. App developers, advertisers, and third-party sellers pay hefty sums to these “tech giants”, while ordinary users pay little to nothing, at least in financial terms. Nonetheless, the market power of these companies is undeniable, to where some argue more government regulation is needed. Some go even further, and argue for breaking up the “tech giants” altogether. Others argue that a more laissez-faire approach is best, whether due to the unintended consequences of regulation, or because the benefits these companies bring consumers exceed the companies’ anti-competitive profits.
The prompt is written below. Also, you must refer to ALL three linked sources below with quotes. https://mises.org/library/myth-just-price https://www.econlib.org/library/Enc/CreativeDestruction.html https://www.newyorker.com/news/john-cassidy/ronald-coase-and-the-misuse-of-economics Position Paper Prompt: Antitrust…