Monopoly and Microsoft
Webster's dictionary defines monopoly as 'exclusive ownership through legal privilege, command of supply, or concerted action; exclusive possession or control; a commodity controlled by one party.' In other words, through a variety of means, a producer may obtain sole or near sole control of a market. Through the control of the market, a monopoly restricts production, raises prices above fair market value, and prevents markets from efficient use of resources. This is accomplished towards the goal of maximizing profits (Parkin 120). Certain characteristics identify a monopoly. First, no close substitutes in the goods market, such as electricity or local phone access. Secondly, barriers to entry prohibit potential competitors from entering the market, for example, legal barriers, natural barriers, and resources. Thirdly, a monopoly is able to economically manipulate the market with respect to its products, to the intent of prohibiting competition. This will be the yardstick by which the company Microsoft will be measured. Since the 1980's, Microsoft has held a virtual stronghold on the operating system market. Beginning with MS-DOS (disk operating system), and culminating with Windows 95/98, Microsoft h
First and foremost, Microsoft sets standards for the rest of the industry to follow. Jesse Berst, editorial director of Windows Watcher newsletter out of Redmond, O'Brien, David, W.W. Norton & Co., 1993 David O'Brien, Storm Center: The Supreme Court "Monopoly." Webster's Ninth New Collegiate Dictionary. 1985 ed. Barriers to entry prevent possible competitors from entering the market. Barriers fall into distinct categories. Control of all or most resources, legal barriers, and natural barriers form obstacles to competition in the market.
Some common words found in the essay are:
Internet Explorer, Microsoft Webster's, Furthermore Microsoft, Microsoft Microsoft, Moreover Microsoft, Microsoft Corporation, MS-DOS Microsoft's, Inc Symantec, Stopped4 Microsoft, Apple Computers, operating system, world wide web, internet explorer, world wide, wide web, operating systems, market microsoft, software market, windows 95/98, natural barriers, legal barriers, netscape's complaint microsoft, operating system windows, competitors entering market, portion software market,
Approximate Word count = 1871
Approximate Pages = 7 (250 words per page double spaced)
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