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"Three main facts indicate that Microsoft enjoys monopoly power. First, Microsoft's share of the market for Intel-compatible PC operating system is extremely large and stable. Second, Microsoft's dominant market share is protected by high barrier to entry. Third, and largely as a result of that barrier, Microsoft's customer lack a commercially viable alternative to Windows."
Why these elements related to monopoly? Are all three necessary? If not, which ones are crucial, explain your answer.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9444216

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