Buy custom ECON 202 PRINCIPLES OF CONTEMPORARY MACROECONOMICS
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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3089 |
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The U.S. government has applied for a court order to stop Microsoft from monopolizing the Information Technology (IT) industry by imposing a heavy fine on its operations. This has prompted a U.S. federal judge, Thomas Penfield Jackson, who proclaims that “Microsoft holds a monopoly in computer operating systems, strongly criticizing the company in a decisive statement that could signal the outcome of the landmark antitrust caseâ€, Wilcox (1999)...
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Two instances where monopoly arises are:
i) No close substitutes;
ii) Barriers to entry.
i) No close substitutes
If a good has a close substitute, even though only one firm produces it, that firm effectively faces competition from the producers of substitutes. Water supplied by a local public utility is an example of a good that does not have close substitutes...
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ECON 202 PRINCIPLES OF CONTEMPORARY MACROECONOMICS
Macroeconomics Impact on Business Operations
Operations Management Principles DB 3
Operations Management Principles DB 4
Operations Management Principles DB 5
Operations Management Principles IP 1
Operations Management Principles IP 2
Operations Management Principles IP 4
Operations Management Principles IP 5
The Technical System: Information, Information Technology, and Information Systems
How to use order of operations
Order Of Operations
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Microsoft Court Case
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