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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator
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To: Bearded One who wrote (21944)12/5/1998 2:02:00 AM
From: Gerald R. Lampton  Read Replies (1) of 24154
 
Our capitalist system does rely on people following the laws, more or less.

Absolutely. But, to be conscious of guilt in this case, would not Gates have to know he is a monopolist?

Also, in thinking about the "price inelasticity = market power" argument, I recall from Econ 1 that, in the long run, the price elasticity of goods increases, for both supply and demand. That is for the simple reason that, as time passes, people have more time to come up with cost-effective substitutes, or altermnative sources, for the good in question.

So, I guess the question for Warren-Boulton would have been: how long before the passage of time erodes Microsoft's monopoly?
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