In 1999, a Judge Declared That Microsoft Was a Monopolist

question 210

Multiple Choice

In 1999, a judge declared that Microsoft was a monopolist.Assuming that it was maximizing its profits at its chosen level of output, we may conclude that the absolute value of the price elasticity of demand for its systems was:

• A) less than 1.
• B) equal to 1.
• C) greater than 1.
• D) There is insufficient information upon which to make a determination.