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.
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.
posted by Allen's Blog at 5:55 PM
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