In 1999, a Judge Declared That Microsoft Was a Monopolist

question 98

Multiple Choice

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

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

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