Competition and Monopoly

Include your consideration of the trade-offs or drawbacks to your position. You do not need to do any additional research to develop your response. However, your analysis should consider not only the reading specifically assigned for Day #4 of the module, but the entire content of the module including all readings, class discussions and class activities. Prompt: Recently, several big tech companies have been experiencing growing criticism for alleged anticompetitive behavior.  Google, Facebook, Amazon, and Apple are currently under broad antitrust review opened by the US justice department in July 2019.  Facebook is under anti-trust investigation by 47 state attorneys general. The EU recently fined Google $2.7 billion for manipulating its search results.The Wall Street Journal reported (Links to an external site.) that Amazon changed its product search algorithm to prioritize items that generate higher profit margins for the Amazon (including its own branded products) over items that Amazon changed its product search algorithm to prioritize items that generate higher profit margins for Amazon (including its own branded products), and price gouged to drive out competitors.Which issues highlighted in Day #4 readings do you think are most threatening to consumer welfare? Do you believe that disruptive innovation will sufficiently address those issues? Should government regulators intervene to control the behavior of big tech firms?  Please justify your positions. FormatThe Position Statement should be 400 words, single-spaced. Font size, margins, and number of pages are unrestricted due to the 500-word limit and single-spacing requirement.The following information must appear at the top of the page:Your name                      Module name          Number of words      Position Statements – SubmissionSubmit your Position Statement online in Canvas.Include your name and module name in the title of your file.No emailed or late versions will be accepted.  Guidance for answering Position Statement:  Have you answered the question(s) asked by the prompt and included any other components of the prompt in answering this/these question(s)? A well written response will clearly state a position very early, if not at the beginning of your paper. Do not make the reader have to look for your position.  Taking a position means one position – not both sides.Have you supported your position? Good support for your position should be clearly and logically written. It should include specific references to class material and/or discussions.  The reader should be able to tell that your response reflects that you have been in this class (not an answer that could have been written before you took this class). Have you included a trade-off or a drawback to your stated position? Every decision and particularly business decisions involve evaluating trade-offs and then making your decision.What is the quality of your writing? Organized, spelling, grammar….. Do you need someone to review it for you? Do you need to go to the writing center? Since you are limited to 400 words, have you used your available words to support your position and fully answer the question?  This is an exercise in preparing a concise response.READINGS Day #2:Excerpts from Vance, L.M. (2008, March 31). The Myth of the Just Price. Mises Institute, Daily Articles – mises.orgThis article is an opinionated discussion about the “morality” of pricing, the concept of a just price and government intervention in pricing.  Read for the main ideas not detailed biblical support.Focus your reading on the sections up to “The State” and then read the conclusion at the end.Cox, W.M.,