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If Microsoft were to dominate the entire software industry, effectively eliminating all other competitors, then Microsoft would be seen in economic terms as (a/an)

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If Microsoft were to dominate the entire software industry, effectively eliminating all other competitors, then Microsoft would be seen in economic terms as a monopolist.

What is a monopoly?

Monopoly is the exclusive ownership resulting from a legal advantage, control over the supply, or collective action.

Numerous well-known businesses, such as dining establishments, hair salons, clothes, and consumer electronics, are subject to monopolistic competition. McDonald's and Burger King are two excellent examples. Both are fast food companies that cater to the same clientele and provide comparable goods and services.

Learn more about monopolistic here:

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