Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. why apple inc is a monopolistic competition? what

Why Apple Inc is a monopolistic competition? What is Advertisement Strategies of Apple Inc? Variety of prices...

50.1K

Verified Solution

Question

Economics

Why Apple Inc is a monopolistic competition?

What is Advertisement Strategies of Apple Inc?

Variety of prices of Apple Inc.

Answer & Explanation Solved by verified expert
3.7 Ratings (380 Votes)
1 Apple is an oligopoly that is a state of restricted competition in which a small number of producers or sellers share a marketApple is also a monopoly rivalry a condition that exceeds that of a market in which buyers and sellers are so numerous and well educated that all features of monopoly are absent and the selling price of a product is beyond the influence of individual buyers and sellers Apple Inc is called an oligopoly and monopoly rivalry because there are more competitors and also because there are more competitors Wide market base making it impossible for other businesses to get consumers to switch products Consumers who purchase Apple products generally tend to buy Apple products because of the trust in the company making it harder for    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are Syndicated Loans? Why do you think that there has been an increase in their...

Finance
Q

The closest star to our own, approximately 4.2 light-years away or 25 trillion miles, is the...

Biology
Q

Q5. Describe the role of ADH in affecting the concentration of urine (including a description of...

Medical Sciences
Q

Discuss why correlation is necessary but not sufficient to establish causation. Give an original example.

Psychology
Q

4. What is the equation of a parabola that passes through the points (-5, -10),(-3,...

Basic Math
Q

21 22 E 8-13 bday ni s bayad nis 23 Freight Cost NRNSNS 24 Invoice...

Accounting
Q

Which of the following is not considered in computing the taxpayer's amount at-risk with respect...

Accounting
Q

Financial Statement Preparation: ...

Accounting
Q

Use for questions 19-21: On December 31, 2014, the Landon Corporation estimated that 3% or...

Accounting
Q

Goode Company has the following production data for selected months. Ending Work in Process Month...

Accounting
Q

Given the following information, calculate the current value of Builtrite's common stock: current dividend is...

Finance
Q

3-The self-driving car is a product in the __________ stage of the product life cycle....

Accounting