American Monopolies

According to Webster , to have a monopoly is to have exclusive ownership, possession, or control. The following essay is an examination of Microsoft in comparison to this definition and another commonly known monopoly, Standard Oil. Also attention will be given to the necessary role of and problems with monopolies. Competitive Market vs. Monopoly A competitive market consists of many buyers and sellers. Markets thrive because an equilibrium price is established through natural competition and no …

…growth and innovation will decrease drastically. Others believe that Microsoft has become to powerful, resembling its 100-year predecessor Standard Oil by stifling competition and costing the consumer a great deal through its production practices and pricing. Is Microsoft guilty of violating The Sherman-Anti Trust Act of 1890, or are Microsoft's competitors lacking quality products and innovation? Whatever the court's ruling, due to the enormous market share held by Microsoft, the outcome will be felt by all.