If a large firm is found to possess monopoly power, what else is ne eded to...
1. In what ways was Microsoft’s behaviour (a) against
the public interest; (b) in the public interest?
2. Being locked in to a product or technology is only
a problem if such a product can be clearly shown to be inferior to
an alternative. What difficulties might there be in establishing
such a case?
etwork effects Microsoft is a vertically integrated
firm (see page 87), with a dominant position in the operating
system market (i.e. Windows) and in certain application...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...