Part one of term paper
Webster’s dictionary defines monopoly as ‘exclusive ownership through legal privilege, command of supply, or concerted action; exclusive possession or control; a commodity controlled by one party.’ In other words, through a variety of means, a producer may obtain sole or near sole control of a market. Through the control of the market, ...

Part two of term paper
... Secondly, barriers to entry prohibit potential competitors from entering the market, for example, legal barriers, natural barriers, and resources. Thirdly, a monopoly is able to economically manipulate the market with respect to its products, to the intent of prohibiting competition. This will be the yardstick by which the company Microsoft will be measured. Since the 1980’s, Microsoft has held a virtual stronghold on the operating system market. Beginning with MS-DOS (disk operating syst ...