Until 1992,WordPerfect® Produced the Dominant Word Processing System for the Personal

Multiple Choice

Until 1992,WordPerfect® produced the dominant word processing system for the personal computer [PC] platform.After 1992,Microsoft's Word for Windows® dominated the PC platform,largely by offering consumers a better program at a much lower price.This example illustrates:

A) the dynamic view of a natural monopoly.
B) the need for government regulation of a monopoly market.
C) how a lack of competition produces instability in markets.
D) the inefficiency of a monopoly in the word processing market.