Examlex
Suppose that Microsoft and Google compete in the market for PC Internet browsers.Initially these firms compete as Cournot duopolies with symmetric reaction functions.If Microsoft enters into exclusive contracts with PC suppliers that preclude suppliers from loading Google's Internet browser on PCs loaded with the Windows operating system,then Google's marginal cost of distributing its browser will increase to $5 per unit. The new equilibrium would entail Microsoft supplying __________ browsers and Google supplying ____________ browsers to the market.The end result is ________ profits for Google.
Civil Liberties
Civil liberties are individual rights protected by law from governmental interference, such as freedom of speech and the right to privacy.
First 10 Amendments
The First 10 Amendments, known as the Bill of Rights, comprise the initial changes to the U.S. Constitution, guaranteeing fundamental rights and protections to American citizens.
U.S. Constitution
The paramount legal document in the United States which delineates the structure of the national government and the essential liberties of its inhabitants.
Fourteenth Amendment
An amendment to the U.S. Constitution granting citizenship to all persons born or naturalized in the United States, including former slaves, and guaranteeing all citizens "equal protection of the laws."
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