Linked by Thom Holwerda on Thu 14th Jul 2005 11:54 UTC
Apple Computer on Wednesday reported the financial results of its third fiscal quarter, characterizing the numbers as "the highest revenue and earnings in the company's history." The halo effect seems to be confirmed, as Macintosh unit sales grew by 35%.
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Member since:
2005-07-14
In the *academic sense* there is no such thing as a true monopoly. But then, the academics of economics rarely fits into the real world. In the real world and legal sense, a monopoly (just speaking for the U.S.) is a company that has enough clout in a market to start pushing others around. However, it's not illegal to be a monopoly, but it is illegal to use that monopoly power to break the market and bite the "invisible hand."