Explain Microsoft Windows' monopoly positions in terms of network externalities
What will be an ideal response?
Microsoft marketed Windows really well and at some point a critical mass of people had it installed on their computers. Since a lot of people already used Windows it was beneficial for new consumers to buy it also, which fortifies Microsoft's position.
Economics
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In monopolistic competition, each firm has a demand curve with a ________ and there ________ barriers to entry into the market
A) negative slope; are no B) slope equal to zero; are no C) negative slope; are D) slope equal to zero; are
Economics
What is meant by predatory dumping? How likely is it for this to occur in the United States? Discuss
What will be an ideal response?
Economics