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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1901 |
Essay's paper body
Monopoly is a market structure in which one firm is the sole seller of a product or service, Since the entry of additional firms is blocked, one firm constitutes the entire industry (McConnell-Brue, 2004, pg-413). The government considers an industry a monopoly if they own 40% of market and can stiffen competition...
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Recently, the U.S. Justice Department and the European Commission have ruled against Microsoft for various antitrust violations. The common negative claim for Microsoft as a monopoly is that they will cut prices to consumers, drive their competitors out of business, and raise prices through the roof with no competition...
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