Some Economists Argue That Microsoft Became a Monopoly in the Market

question 49

Multiple Choice

Some economists argue that Microsoft became a monopoly in the market for computer software by developing MS-DOS,an operating system used for the first IBM personal computers.The more people who used MS-DOS-based programs,the greater the usefulness of using a computer with an MS-DOS operating system became.The explanation for Microsoft's monopoly is

• A) the development of new technology that other firms could not copy.
• B) control of a key resource which, in this case, is the MS-DOS operating system.
• C) network externalities.
• D) patents Microsoft obtained when it developed the MS-DOS operating system.

Recognize the conditions under which a business can be easily formed or dissolved.

Distinguish between the various forms of business ownership with respect to their establishment, regulation, and operation.

Understand the concept of adolescent egocentrism and its manifestations.

Recognize the variations and influences in developming sexual orientation and racial/ethnic identity during adolescence.

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Definitions:

Erikson's Theory

A psychoanalytic theory by Erik Erikson that outlines eight stages of psychosocial development throughout a person's life.

Psychosocial Development

Erickson's theory describing how individuals' social relationships and understanding of self evolve across the lifespan.

Middle Adulthood

A developmental stage typically occurring between ages 40 and 65, marked by stability, maturity, and increased responsibility.

Parent-child Relationships

Refers to the dynamic bond between parents and their children, which affects the developmental, emotional, and social growth of the child.