In 1999, a Judge Declared That Microsoft Was a Monopolist

question 174

Essay

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.There is insufficient information to make a determination.

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Definitions:

Discouraged Workers

People who have stopped looking for employment due to a belief that their job search efforts will not yield success.

Cyclically Unemployed

Individuals who have lost their jobs due to downturns in the business cycle or economic recessions, as opposed to structural factors.

Price Index

An index number that shows how the weighted average price of a market basket of goods changes through time.

Market Basket

A selected set of goods and services used to track changes in prices and inflation over time.