Tech Meets Antitrust Actions

The video discusses the dominance of major tech companies like Apple, Google, Facebook, and Amazon in various markets, raising antitrust concerns. It questions the effectiveness of current antitrust laws, particularly the consumer welfare standard, in addressing these issues. The video also highlights the potential influence of tech giants on political outcomes and the challenges posed by judicial interpretations of antitrust laws.

Which two companies dominate the app spending market with a 95% share?

• Apple and Microsoft

• Apple and Google

• Facebook and Google

• Google and Amazon

What percentage of digital advertising is controlled by Facebook and Google?

• 80%

• 70%

• 60%

• 50%

What concern is raised about Mark Zuckerberg's influence?

• His control over online sales

• His ability to influence election outcomes

• His monopoly in app spending

• His dominance in digital advertising

What is the main focus of the traditional antitrust laws according to the Chicago school?

• Market share

• Price effects

• Consumer choice

• Innovation

What is a key challenge in applying the consumer welfare standard to tech companies?

• Lack of market data

• Focus only on price effects

• Insufficient legal framework

• Overemphasis on innovation