Which company produced the system 360?

Which company produced the system 360?

In 1964, IBM made what Thomas Watson Jr. called “the most important product announcement in company history.” It was the IBM ® System/360, and it represented a revolution in computers, affording unprecedented power, speed and compatibility to thousands of businesses around the globe.

Is Microsoft a monopoly 2020?

Findings of fact: Microsoft is a monopoly that hurts competition and consumers. As expected, Judge Thomas Penfield Jackson has found Microsoft to have monopoly power in the computer operating system market. In other words, Microsoft enjoys monopoly power in the relevant market.”

Why is Microsoft a monopoly?

Hint: it’s not their market share in the PC software market. It’s that their entire product line rests upon state enforcement of legal monopolies of duplication called “copyrights” (that’s what a copyright is: a monopoly on the duplication of an intangible such as software). …

Why is Microsoft not a monopoly?

The first reason Microsoft is not a monopoly is because of the standardized quality of its OS. Second is the intelligent business practices Microsoft has engaged in through many of its business partners. The legal issues of the alleged antitrust accusations from the department of justice are just totally overrated.

Why are monopolies bad?

The advantage of monopolies is the assurance of a consistent supply of a commodity that is too expensive to provide in a competitive market. The disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.

Is Monopoly bad for society?

Monopolies over a particular commodity, market or aspect of production are considered good or economically advisable in cases where free-market competition would be economically inefficient, the price to consumers should be regulated, or high risk and high entry costs inhibit initial investment in a necessary sector.