Microeconomics, economics homework help
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Good afternoon Study Pool. I have this question to answer in Microeconomics class. The professor require me to answer it in economics term, and logic. Here is the question:
Microsoft has been the world leader in providing their most popular product “Microsoft Office” for a long time. It is almost impossible to work without having this software. How does Microsoft is able to control the market for so long and do you think it has been challenged in the past by any other company or government?
Please remind that I need the answer in economic term. Please answer me asap.
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