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Word Count: 379
Websters 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 Certain characteristics identify a monopoly First no close substitutes in the goods market such as electricity or local phone access Secondly barriers to entry prohibit potential competitors from entering the market for example legal barriers natural barriers and resources Thirdly a monopoly is able to economically manipulate the market with respect to its products to the intent of prohibiting competition Since the 1980s Microsoft has held a virtual stronghold on the operating system market Beginning with MS-DOS disk operating system and culminating with Windows 9598 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 its Internet Explorer browser battled Netscapes 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 The article I have chosen talks about the Microsoft Corporation monopoly case The federal appeals court recently overturned the court ordered break up of Microsoft It did however uphold the judges finding that Microsoft had violated some anti-trust laws by requiring companies to use its operating system By overturning the lower courts ruling this will enable Microsoft to bundle more services
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