In 1999, a Judge Declared That Microsoft Was a Monopolist

question 179

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 if Microsoft were to increase its price its total revenue would:

• A)rise
• B)fall
• C)remain unchanged
• D)insufficient information upon which to make a determination.

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Definitions:

Cognitive Dissonance

A psychological phenomenon in which an individual experiences discomfort or distress from holding two or more contradictory beliefs, ideas, or values at the same time.

Opinions

Personal views, beliefs, or judgments that may not be based on fact or knowledge.

Weak Threat

A threat perceived as having little or no power to inflict harm or consequences, often resulting in minimal behavioral change.

Cognitive Dissonance

The psychological unease felt by someone who simultaneously harbors conflicting beliefs, ideas, or values.