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.

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Definitions:

Federal Court

A court established under the federal judicial system of a country, often having jurisdiction over matters involving national laws or disputes between states or between a state and citizens of another state.

Computer System

An integrated set of hardware and software designed to process data and produce a desirable output.

Record on Appeal

A complete collection of all documents, evidence, and transcripts from a trial court that are presented to an appellate court for review.

Clerk of the Court

An officer who manages the clerical operations and keeps records for a court.