The Microsoft Monopoly Information Technology Essay
4 pages
(1071 words)
, Download 0
, Essay
Blocked entry- The barriers to entry for this industry make it virtually impossible for other firms to enter. These barriers may be technological, financial, economic, or legal. Price maker- The monopolist controls the supply of his product or service, therein giving him control over price. A monopolist can control the price of its product by changing the quantity supplied into the market.