Asked by Lyric Bolden on Jun 17, 2024
Verified
In 1997,the Justice Department brought a lawsuit against ________ because its growing market power had enabled the company to crush competitors,eliminate competition and innovation.
A) Microsoft
B) Walt Disney
C) Exxon
D) Standard Oil
Justice Department
A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.
Market Power
The ability of a company or entity to influence the price of goods or services in a market.
- Evaluate the significance and outcomes of antitrust legal cases.
Verified Answer
SN
Shubham NayakJun 20, 2024
Final Answer :
A
Explanation :
The lawsuit filed by the Justice Department in 1997 was against Microsoft, as its dominant market position was allegedly being used to eliminate competition and innovation in the industry. This eventually led to the infamous antitrust lawsuit against Microsoft, which went on for several years before a settlement was reached.
Learning Objectives
- Evaluate the significance and outcomes of antitrust legal cases.