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The Justice Department has filed a historic antitrust case against Google. I discuss whether Google is being anticompetitive, whether the monopoly hurts consumers, and how much consumer surplus Google creates. #economics Read more on consumer surplus from search engines at, "Using massive online choice experiments to measure changes in well-being" by Erik Brynjolfsson, Avinash Collis, and Felix Eggers https://www.pnas.org/content/116/15/7250 Sign up for my newsletter here: https://marketpower.substack.com/ And you can find me on twitter: / marketpoweryt RECOMMENDED VIDEOS The Economics of 5G and the $220,000 Charizard | Nobel Prize Economics 2020 • These Economists Are Why Your Phone Works Does College Really Boost Your Salary? The Hidden Variable • Does College Actually Increase Your Salary? Does Police Militarization CAUSE Police Violence? • Does Police Militarization CAUSE Police Vi... The Best Way to STAND OUT as an Economics Student • Do THIS To Stand Out as an Economics Student 6 Biggest Lies About Majoring in Economics • 6 Biggest Lies About Majoring in Economics The Dollar Auction • Using Auction Theory to Sell a $1 Bill for...