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 ...
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95/98, Microsoft has become an integral part of society. Its software not only includes the Windows operating systems, but spreadsheets, word-processing programs, databases, and reference works. Microsoft programs run on a great percentage of all the computers in the world. We rely upon them to sort, send, and receive information in school, business, and even our personal lives. The Microsoft Network provides online content, and it’s Internet Explorer browser battled Netscape's for market share. It also provides free e-mail and other services. The fact is inevitable; our lives have come to rely upon the computers that we use every day.
Microsoft’s dominion in the market began with quality and accessibility. The company produced a good product and provided the product and support to developers and PC manufactures. Because of the ease of accessibility and quality of software and support, developers were soon creating applications solely for use with Microsoft products. In essence, ...
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use their leverage in one market area, such as graphical user interfaces, to gain leverage in another market, such as operating systems, where they may have competition (Maldoom 2). In the preceding example, Microsoft bundles their World Wide Web browser, Internet Explorer, into their operating system, Windows 95/98. Netscape, the maker of Netscape Navigator, currently the most widely used Internet browser on the market is now facing some fierce competition from Microsoft's Internet Explorer.
Netscape claims that in addition to bundling the browser, Microsoft offers Windows at a discount to original equipment manufacturers (OEM's), to feature Internet Explorer on the desktop of the ...
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"Monopoly And Microsoft." Essayworld.com. November 7, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Monopoly-And-Microsoft/36117.
"Monopoly And Microsoft." Essayworld.com. November 7, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Monopoly-And-Microsoft/36117.
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