By now you know that monopoly power occurs in most markets. You also know that in some cases a regulated monopoly produces a better outcome than a “natural monopoly.” Yet an inappropriate use of monopoly power is the basis for an anti-trust decision. The question remains: When does a firm have too much monopoly power?
Read the following New York Times article
In this “Apply the Principle,” you will have to decide if Google has too much monopoly power.