7). Facebook or Google (Alphabet really) (30 points)

(for this section, choose one company or the other and answer the questions. If you choose Google, skip a discussion of YouTube as that appears in a different question. Be aware that Instagram and WhatsApp are part of Facebook)

(There is no right answer to these questions, just address the issues using the logic of economics as best you can)

a). In what market structure or structures do Google or Facebook operate? Discuss and graph. This is likely not one, but a variety of different market structures. Graphs required (10 points)

b). How have Google or Facebook possibly helped productivity and efficiency in the past or in the present? How have they hurt productivity and efficiency in the past or in the present? (10 points)

( just hit a highlight or two on the positive and negative sides, this question could and has been answered as entire books!)

c). Is additional government intervention required with these companies to insure market efficiency? (10 points) Be sure to justify your answer with micro logic and ideally a graph or two!!