A California jury found Samsung guilty of violating the majority of the patents in question, including software

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A California jury found Samsung guilty of violating the majority of the patents in question, including software features like double-tap zooming and scrolling. It recommended that Apple be awarded more than $1 billion in damages. This verdict could significantly affect both smartphone users and producers.

a. If Apple became a monopoly in the smart­phone market, who would benefit and who would lose?

b. Compared to smartphone monopoly, who would benefit and who would lose if the smartphone market became perfectly competitive? 

c. Explain which market would be efficient: a perfectly competitive one or a monopoly.

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Microeconomics

ISBN: 978-1292094632

12th edition

Authors: Michael Parkin

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