If like the vast majority of the public when searching for information it’s a reflexive action to just ‘Google’ it. With this being said, one generally doesn’t think of why they choose a search engine as long as they find what they are looking for. In recent events, it has been proposed that Google has misled users and monopolized the market. In June 2011, Google was placed under investigation by the Federal Trade Commission or FTC (Ammori and Pelican, 2012) in violation of Section 2 of The Sherman Act and Section 5 of The Federal Trade Act (Hazan, 2013). The FTC's investigation focused on allegations that Google has been abusing its dominance in Internet search. Google's competitor’s say the company has been headlining its own services on …show more content…
Antitrust investigation is of considerable importance because it is utilized in the establishments of mergers, partnerships, acquisitions and other business takeovers/partnerships which when completed might result to an antitrust violation. These laws serve to prohibit services designed to restrain trade and commercial progress such as a monopoly structured market. Monopoly structured market is when there is a single provided product with no close substitutions. As opposed, to a monopoly, a pure competition market is an aspect in which multiple companies offer identical or close to the same products, which will compete with price and quality, and in some case costumer service. Additionally in contrast, oligopoly is a market structure where there are a few firms producing all or most of the market supply of a particular good or service and whose decisions about the industry's output can affect competitors. Oligopolies firms tend to charge reasonably premium prices but they compete through advertising and other promotional means. Simultaneously, possessing an array of market structures safeguard the consumption of basic products and services as supplied by the business community to the rest of the human populace. “When P = MC, society cannot gain by producing 1 more or 1 less unit of the product. In contrast, a monopolist maximizes profit by producing the lower output level at which marginal revenue (rather than price) equals marginal cost. At this MR = MC point, price exceeds marginal cost, meaning that society would obtain more benefit than it would incur cost by producing extra units” (McConnell, Brue, and Flynn, 2012, p.375). Unlike most companies, Google has cornered its market and does not have to contemplate the high barriers to entry or costs. However, these
Many people are being distracted these days by the overuse of technology. It has become very difficult for people to focus on one task at a time. Also, people are forgetting some old ways of increasing their intelligence and ways of developing skills. In the article “Is Google Making Us Stupid?” By Nicholas Carr, he argues that internet restricts the minds from increasing our ability to fully understand what we read online. He also argues that spending “too much” time online causes to lose the focus and train our minds to think more like machines. Also, in the article “Why Gen-Y Johnny Can’t Read Nonverbal Cues” by Mark Bauerlein, he argues that people are less interactive because of the more use of texting and online chatting. He argues that
Monopolies and oligopolies often use anti-competitive practices, which can have a negative impact on the economy. This is why company mergers are often examined closely by government regulators to avoid reducing competition in an industry.
I would like to begin by saying that I am usually not jealous or envious of many people but I have to say I am actually jealous of all the googlers. That being said I know now if I was to ever own my business I will make sure to first read Laszlo Bock’s book “WORK RULES! INSIGHTS FROM INSIDE GOOGLE THAT WILL TRANSFORM HOW YOU LIVE AND LEAD” I believe this book can help transform the way we conduct our businesses and how we treat our employees. It’s the new way of looking at the workforce, the old view was to invest in your business and not employees but new view is when you invest in your employees the rest will follow. Google’s HR along
Antitrust laws are meant to protect competition in markets. They try to ensure that all individuals have an “equally opportunity in honest competition.” Early in the nation’s history, there was widespread fear of the dangers of monopolies and other restrictions on competition. In 1890, Congress passed the Sherman Antitrust Act to prevent limits on competition caused by private parties. Thus the main goal of antitrust law is to preserve “economic freedom” and a “free-enterprise system.” Specifically, it attempts to preserve “the freedom to compete” for businesses. In a practical sense, antitrust laws are seeking to prevent burdens on competition in the marketplace.
The role of antitrust laws has been the subject of numerous publications that have attempted to provide a precise set of reasons and inspirations for their creation. However, there are still many schools of thought on the subject and much debate over the effectiveness and legitimate implementation of these laws. This paper analyzes the three main antitrust laws that the federal branch of the United States government uses to try to restrict monopolies. This paper also looks at antitrust laws in the modern business environment, and attempts to relay the information in a manner that a newcomer to the subject will understand the concept as it relates to modern technology and business practices. The findings of this paper indicate that the topic of antitrust laws is more complex than many believe and, depending on the position of the person affected by monopolies, the sentiment ranges widely.
Is Google Making Us Stupid?” by Nicholas Carr talks about the way technology is effecting
The predominant view in the United States is that The Sherman Antitrust Act of 1890 was passed with the intent to protect consumers from inefficient market forms, and predation by large corporations. The specific provisions of the Sherman Act, as well as the later Clayton Act of 1914, prohibit acts that are considered to be anti competitive such as cartels, monopolies, price discrimination, and predatory pricing. Mergers and acquisitions are also individually reviewed to ensure they won 't have an anti competitive effect on the market. We will look at each of these acts to try to determine their actual impact to the consumer. We will also
Through the course of this paper I will introduce and discuss the history of the movement towards an actively and engaged antitrust legislation. I will also identify the original and early antitrust laws and how they have influenced the economy, as we know it today. Upon the completion of this paper you will understand who was set to benefit (gain) from anti legislation and who loses under the intentions of the antitrust laws today and in the past.
Instead of social media, the Internet is also a kind of technology which benefits education by improving one’s knowledge through an easy access of information. Because of the advanced technology, the Internet has become a useful tool for education. In the article “Is Google Making Us Stupid?” by Nicholas Carr, Larry Page who founded Google states, “Google is really trying to build artificial intelligence and to do it on a large scale” (5). There is no doubt that online search engines are as smart as human, or even smarter than us. Because of this, we tend to get help from the Internet to do our work. For example, students may surf the Internet for information and use the online calculator for solving mathematical problems. It is really a beneficial
Congress passed an antitrust law in 1890 to help keep companies from using monopolizing business practices called the Sherman Act (“FTC,” n.d., para. 1). Two more antitrust laws were passed in 1914. The two laws were the Federal Trade Commission Act and the Clayton Act (“FTC,” n.d., para. 1). These laws were put in place to protect consumers and businesses alike. Each law that has been put in place to ensure fair trade; and each one has its own pros and cons. I will be giving examples of the marginal costs and marginal benefits of Antitrust Legislation and how regulatory capture ties into the laws as well.
Newspapers and blogs, especially online, often publish articles on “Random Acts of Kindness.” In these articles and posts, readers see photographs of firemen saving kittens, children helping the homeless, lost phones and wallets being returned, and of people helping other people. Many times, the author refers to the faith in humanity being restored and of the good morals some people hold. But what are morals? What is morality? The Merriam-Webster dictionary defines morality as “beliefs about what is right behavior and what is wrong behavior” (Merriam-Webster). However, what drives morality? Is it the inherent goodness in a person or is it an incentive? Based on the article “Markets and Morality”, published in the CATO Journal, there are two different types of morality. The first type, duty based morality, is “behaving the
Google is arguably the most popular search engine used on the internet. The company offers superior search results and clearly employs workers with innovative ideas that can keep the company ahead of the competition. However Google’s own mission statement requires that it “Do no evil,” meaning that it has made readily available the tools that have made the company successful. The Justice Department would like to categorize Google as a monopoly, but due to its open book reporting and its development of additional services, proving monopolistic status would be difficult and perhaps ineffective.
Competition in the search industry is high. There are several search engines available, albeit Google holds the top percentage. Some of Google’s opposing forces are Yahoo!, Bing, and MSN search. The strongest is competitive rivalry and the weakest is buyer power. There is a big rivalry amongst search engines in gaining the newest advances and best technology to suit the customer. Buyer power is weak because there is no substitute for an online search engine. You could use an encyclopedia or something of that nature, but with online search engines,
When only a few sellers offer a product with little regard to competition it is called an oligopoly. It is different from a monopoly because multiple corporations are involved, but the effects on the consumer are the same - bad. Although competition is usually in the best interest of the consumer, it is not always in the best interest of the corporation. If we examine the two leading soft drink producers, Coca-cola and Pepsi-cola, we see a prime example of an oligopoly (Zachary, 1999). As things are presently, each of these soft drink companies has about half of the soft drink market, and examined from a world-wide perspective that is a pretty large market. Either one of them, Coke or Pespi, could conceivably lower their prices in
Google is a company that was conceptualized in a dorm room by two Stanford University college students in 1996 (Arnold, 2005, p. 1) and has morphed into one of the greatest technological powerhouses in operation today. What began as merely a means to analyze and categorize Web sites according to their relevance has developed into a vast library of widely utilized resources, including email servicing, calendaring, instant messaging and photo editing, just to reference a few. Recent statistics collected by SearchEngineWatch.com reflects that of the 10 billion searches performed within the United States during the month of February, 2008, an impressive 5.9 billion of them were executed by Google (Burns, 2008). Rated as Fortune Magazine’s