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

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Economics

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

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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

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