In 1999, a Judge Declared That Microsoft Was a Monopolist

question 203

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 if Microsoft was to increase its price its total revenue would have:

• A) risen
• B) fallen
• C) remained unchanged
• D) insufficient information upon which to make a determination.

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Definitions:

Void

A contract or legal agreement that is null and has no legal force or effect.

Appointed Guardian

A person legally designated to manage the personal and/or financial affairs of another individual who is unable to do so.

Intoxicated Persons

Individuals whose normal capacity to act or make decisions is significantly impaired due to the consumption of alcohol or drugs.

Alcohol

A chemical compound that is commonly found in drinks such as beer, wine, and spirits, and is known for its psychoactive effects.