What was the appeals court ruling and the final settlement in the Microsoft antitrust case?
What will be an ideal response?
The district court’s remedy was to break up Microsoft. This remedy was appealed to the U.S. court of appeals. In 2001, the appeals court upheld the district court ruling that Microsoft was an illegal monopoly, but overruled the court’s remedy to break up the company. The case was sent to a new district court to determine the appropriate remedy.
The final settlement rescinded the breakup order but affirmed that Microsoft used illegal business practices to maintain its monopoly. Microsoft was prevented from using these noncompetitive practices in the future. A behavior remedy was used rather than a structural (breakup) remedy.
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In the figure above, the price of bonds would fall from P1 to P2 when
A) inflation is expected to increase in the future. B) interest rates are expected to fall in the future. C) the expected return on bonds relative to other assets is expected to increase in the future. D) the riskiness of bonds falls relative to other assets.
A decrease in government spending would
a. lower the interest rate, which is unlikely to influence private investment spending b. raise the interest rate and decrease private investment spending c. lower the interest rate and decrease private investment spending d. raise the interest rate and increase private investment spending e. lower the interest rate and increase private investment spending
Which of the following policies would not improve the terms of trade from the point of view of import-competing industries in the United States?
A. Placing tariffs on imports of foreign goods. B. Restricting imports of foreign goods. C. Increasing the degree of free trade. D. "Buy American" campaigns.
An outward shift of a nation's production possibilities frontier represents
A) economic growth. B) rising prices of the two goods on the production possibilities frontier model. C) an impossible situation. D) a situation in which a country produces more of one good and less of another.