"The Microsoft monopoly should be broken up." Evaluate this claim using economic theory and evidence on the welfare effects of monopoly and competition.
Date Submitted: 01/26/2003 20:43:22
Category: / Business & Economy / Economics
Length: 7 pages (1842 words)
Category: / Business & Economy / Economics
Length: 7 pages (1842 words)
In the United States, monopoly policy has been built on the Sherman Antitrust Act of 1890. This prohibited contracts or conspiracies to restrain trade or, in the words of the later Clayton act, to monopolise commerce. The claim that a company should be broken up is clearly not a new concept in America. In the early 20th century this law was called upon to reduce the economic power wielded by so-called "robber barons," such as JP …
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…not be split and, after looking at many of the arguments, agree with this decision.
Bibliography
Pindyck, R.S, Rubinfeld, D.L (2001) Microeconomics, London, Prentice Hall
Pass, C.J, Sparkes, J (1980) Monopoly, High Wycombe, Castlefield Press
Robinson, E.A.G, (1941) Monopoly, Cambridge, University Press
Sloman, J (2000) Economics, London, Prentice Hall
Tracinski, R.W, Microsoft Breakup is a Throwback to Socialism, @ www.capitalismcenter.org
Friday 29th June, 2001. Microsoft break-up ruling overturned, @
www.bbc.co.uk/news
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