Microsoft Monopoly--Why was Microsoft investigated for antitrust behavior? Do you agree or disagree that Microsoft was trying to gain monopoly power in the computer software industry? Are monopolies always bad? Give at least one example of a case where having a monopoly may actually be a good thing.
1. Write your individual answers to the questions listed above together using a minimum of 400 words in essay format in APA style, using correct economic terms. If you ONLY write 300 words, you probably won't be able to fully answer the questions.
2. Key concepts to include in your paper--Monopoly Market Structure, Characteristics of Pure Monopoly, Barriers to Entry into the market, Natural Monopoly, Government Monopoly, Downward Sloping Demand Curve, Economies of Scale, Monopoly Pricing, Price Maker, Market Power, Economic Profits, Imperfect Competition, Rent Seeking Behavior, X-inefficiency, Deadweight Loss to Society, Marginal Cost, Marginal Revenue, Antitrust, Bundling.