How has the European Union differed from the United States in the treatment of a monopoly? Consider the treatment of Microsoft
What will be an ideal response?
In 2000, Microsoft was charged with being an illegal monopoly. Although a district court ordered it to be broken up, the structural remedy was not used and the court directive was overturned on appeal. In its place a behavior remedy was adopted whereby Microsoft was prohibited from engaging in selected anti competitive practices. In Europe in 2004, however, Microsoft was fined and required to share its computer code with other firms that supplied Windows applications. Microsoft was fined again in 2008 for failing to quickly comply with the 2004 EU ruling.
You might also like to view...
If a surplus exists in a market we know that the actual price is
a. above equilibrium price and quantity supplied is greater than quantity demanded. b. above equilibrium price and quantity demanded is greater than quantity supplied. c. below equilibrium price and quantity demanded is greater than quantity supplied. d. below equilibrium price and quantity supplied is greater than quantity demanded.
As long as the additional revenue from employing another worker exceeds the additional cost, the firm should not hire that worker
Indicate whether the statement is true or false
The oligopoly model in which each firm assumes that rivals will continue to produce at their current output levels is called the:
A. Chamberlin model B. Bertrand model C. Cournot model D. Stackelberg model
Refer to the accompanying figure.
In the figure, which interval represents a business cycle recession?
A. B to D B. B to C C. A to C D. A to B