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nursemegan nursemegan
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Posts: 364
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A week ago

Question 1.

By the 21st century few people purchased printed encyclopedias. Which of the following competitive forces best explains this?



the bargaining power of suppliers



the bargaining power of buyers



the threat from potential entrants



competition from substitutes



Question 2.

Some economists argue that Microsoft become a monopoly in the market for computer software by developing MS-DOS, an operating system used for the first IBM personal computers. The more people who used MS-DOS-based programs, the greater the usefulness of a using a computer with an MS-DOS operating system. The explanation for Microsoft's monopoly is



control of a key resource which, in this case, is the MS-DOS operating system.



the development of new technology that other firms could not copy.



patents Microsoft obtained when it developed the MS-DOS operating system.



network externalities.

Textbook 

InMicro


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Answer verified by a subject expert
BakariBakari
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Posts: 289
A week ago
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Answer 1

competition from substitutes



Answer 2

network externalities.

1

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