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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 237.62

-7.2%

Nov 6 3:59 PM EST

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To: economaniack who wrote (219840)	12/10/2006 4:21:30 AM
From: Tenchusatsu	Read Replies (1) of 275872

Economaniack, more on natural monopolies: en.wikipedia.org > An industry is said to be a natural monopoly if one firm can produce a desired output at a lower social cost than two or more firms—that is, there are economies of scale in social costs. Unlike in the ordinary understanding of a monopoly, a natural monopoly situation does not mean that only one firm is providing a particular kind of good or service. Rather it is the assertion about an industry, that multiple firms providing a good or service is less efficient (more costly to a nation or economy) than would be the case if a single firm provided a good or service. This is used to justify the government giving legal monopolies to utilities or subway systems. Now the only way to argue for Microsoft being a "natural monopoly" would be to declare the Windows operating system as a "public utility." In this case, the government decides that for the good of society, all software must conform to the Windows standard. Thus you can get rid of the "social costs" associated with incompatible software, etc. Tenchusatsu

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