Monopolies

A monopoly "is a term used by economist to refer to the situation in which there is a single seller of a product for which there are no close substitutes." linfo. The three company's i believe are monopoly's are Microsoft,paramount pictures and the Standard Oil Company.

On May 18, 1998 there was a Antitrust Case. This case was the United States vs Microsoft, they accused Microsoft of abusing monopoly power. They said that Microsoft abused monopoly when they were handling there operating system and there web browser sales. In November of 2001 they reached an agreement to settle out of court.

The next one is paramount pictures, they were also involved in a case. This case is called The Paramount case. This case would change the movie seen forever. The courts said that this paramount picture company was in violation of the antitrust laws. When the decision was announced in the court they ruled it 8-0 in the governments favor.

The last one is Standard Oil. In 1890 standard oil controlled 88% of all the oil flows. Once standard oil started to flow good and smooth, Ohio successfully sued standard oil. Standard oil just pulled out of Ohio but they kept serving the other people.

These three company's I believe were the company's that were a monopoly. These three company's all went to court. There are probably more company's that also fell into monopoly's but I thought these were the big ones.

Business Project

When Mcdonalds was opened in 1940 it proved to be the best move someone could make. They served Hamburgers as long as milk shakes and French fries. When Mcdonalds opened they did so much business it was insane. So thinking on those lines are group descided to open up a business named spud.

Spud will specialize in serving french fries that have various kinds of dipping sauces. When you go to eat at Spud you will recieve Speedy service along with cheap prices. When you eat at Spud you will be able to make your own kind of french fries. As an example you can see the basic idea of this business. This restraunt will be a friendly atsomophere.

This restraunt will bring in a varioty of costumers. Once people start telling people about this resteraunt people will not be able to stop going here. Spud is a great place to go hang out with friends or just hang out and enjoy your surroundings along with great food.

Perfect Compation

When you think of business in Perfect Compation you think of business that are sucessful and trying to elimate all other competetors. In order to have perfect compation you have to have two business wanting to put the other one out of business.

I believe the two business that are in perfect compation are Apple and Microsoft. They keep coming out with new stuff to try to elimate the other compation. They are always trying to outdo each other. They have different strategies for finding there success but both are very successful in there business. To outdo each other they have to work harder than there opponent.

There is an obvious benefit to two company's having perfect Compation. These benefits are they will be coming out with stuff that the costumers has ever seen. Making the costumers wanting to buy a lot of them. For instance Apple in the last year has came out with a couple different stuff, such as the I touch. Apple has also came out with a lap top that is the smallest ever. The second bonus it brings is since there in a compation they want the costumers to buy there product so they will do a lot of things to have the costumers buy there product. They usally drop there prices to bring the costumers in.

This battle will go on for awile. I prodict that we will see one company start surging passed the other one. They both are doing well right now do to Apples I Pod and Microsofts X Box. But there computers are the big picture in this and the I pod and the X box are the little stuff that will help them pass each other.

Perfect Compation, good thing for the costumers bad for the companys. Apple and Microsoft, I believe these guys are the definition of Perfect Compation. I believe that in the next year you will see some awesome devises from both of them.