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Essay / Research Paper Abstract
This 4-page paper focuses on explanations of monopolies and oligopolies. Targeted discussions are about OPEC and Microsoft. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTmonoligo.rtf
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Unformatted sample text from the term paper:
the consolidated name of United States v. Microsoft, alleging that the company used monopolistic practices in the so-called "browser wars" by bundling its Internet Explorer web browser on its Windows
operating systems. The plantiffs belief was that, given the sheer number of Windows OS systems that were being sold, this gave Microsoft an unfair advantage over competing browsers such as
Netscape. Ultimately, the case was settled - Microsoft agreed to share its application programming interfaces with third-party companies. Though there have been dissenters of the settlement, angry that the "tying"
issue was never really fully explored in court, the question we need to ask ourselves is whether Microsoft is a monopoly firm, and whether the goods it produces (an operating
system) is considered a monopolistic good. Lets first look at some definitions. A monopoly, in its purest sense, is a market in which only one firm produces a particular good.
However, in the "real world," a monopoly involves one firm that provides such an overwhelming majority of sales, that other companies likely have little, if any, impact on that company
(Moffatt, 2010). Due to lack of competition, monopoly firms make an economic profit. But competition is prevented from joining in the fun because of barriers to entry such as legal
barriers, patents and natural barriers to entry. Microsoft could be considered a monopolistic firm in several senses - it is the dominant
player in its industry (operating systems). It can - and has - set prices on its OS. And there is a lack of competition because of natural barriers to entry.
The technology costs of starting a company with a different type of operating system is very high - it requires a great deal of R&D funds, not to mention the
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