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AT&T was a regulated monopoly until it was broken up during Reagan's time. IBM was a leader in mainframe computers. It had a virtual monopoly in the market until a few decades ago.
Both companies financed incredibly productive technology centers.
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Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 www.michaelperelman.wordpress.com
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