Question

In: Operations Management

Does Apple's alleged conduct fit within the definition of a monopoly? In your response, remember that...

Does Apple's alleged conduct fit within the definition of a monopoly?

In your response, remember that this same question was asked in the text about Apple's nearly 70 percent share of the online music market.

Is it true that the fleeting nature of monopolies in the tech area takes care of the problem? Support your answer.

Solutions

Expert Solution

Is the iPhone a monopoly?

Most of us think "yes". But in reality, it is not. They have a market share of 14.5%, they would have a monopoly, if they had a market share of 100%. That they make much more money because consumers are willing to pay higher price for their products as they feel it is worth.

Apple inc can be considered an oligopoly and monopolistic. Apple maintains an oligopoly market structure in the competition of smartphones, but it is monopolistic in the area of smart computers because they produce a highly differentiated product.

But the "monopolization" of the app store iPhone allows apple to exercise simple market power, it enables apple to engage in differential pricing in which these who value iPhone apps have to pay more price.

Tech monopoly does not solve the problem, but tech monopoly poses to threat to democracies because of the price they charge, it is the concentration of power, data, and control over the public space. Their ability to wield the power over a growing number of economic activities, especially in the infrastructure and technologies of the future.


Related Solutions

1) Does the U.S. have a monopoly problem? Why/not? Support your response with research. 2) Listen...
1) Does the U.S. have a monopoly problem? Why/not? Support your response with research. 2) Listen to the Planet Money Indicator podcast "Google's Mobile Monopoly" (Links to an external site.) and identify the barriers to entry in the tech industry that enable Google to realize it's monopoly/near monopoly. (remember to use additional resources as well) 3) Provide a separate example of a monopoly/near monopoly (natural or not) and comment on the barriers to entry in that industry. Please be specific....
Give examples of your own for perfect competition and monopoly. Explain why they fit into the definitions of perfect competition and monopoly.
  Give examples of your own for perfect competition and monopoly. Explain why they fit into the definitions of perfect competition and monopoly.  
Write a response to the following scenario. Remember to correctly label all your graphs! For example,...
Write a response to the following scenario. Remember to correctly label all your graphs! For example, what the x and y axis represent. The COVID-19 pandemic and the US-China trade tension have caused a significant decrease in China's demand for US exports. Use the AD/AS model to explain the likely short run impacts on U.S. GDP and the aggregate price level. What do you anticipate will happen to U.S. consumption expenditure and U.S. employment? Please explain your reasoning for each...
Find and describe an example of Monopoly in economy. In your answer you shall mention: Definition...
Find and describe an example of Monopoly in economy. In your answer you shall mention: Definition of Monopoly and its main characteristics and conditions. Name the industry where the monopoly exists. Provide proofs that named industry has monopoly with reference to characteristics and conditions stated in (a).                                                        
How does Merton’s five-part typology of deviance fit within an ideal societ and how can the...
How does Merton’s five-part typology of deviance fit within an ideal societ and how can the theory explain stigmas?
How does moral reasoning fit into your religious or nonreligious theory?
How does moral reasoning fit into your religious or nonreligious theory?
Write a response on a Professional Issue within Nursing of your choosing. Select a minimum of...
Write a response on a Professional Issue within Nursing of your choosing. Select a minimum of two (2) research articles from scholarly, peer-reviewed (refereed) journals regarding the Professional Issue and its relevance to current nursing practice. The assignment can compare and contrast the different sides to an issue, provide support to one side of an issue, or to create an action plan of how to manage a situation. Use critical thinking to analyze and evaluate the issue chosen. The articles...
You are applying for an internship within the Emergency Preparedness and Response department at your local...
You are applying for an internship within the Emergency Preparedness and Response department at your local county health department. The application process requires that you submit a public health disaster management plan for a natural or man-made event in the community. TOPIC: School Shootings in San Diego, CA The plan should adapt best practices and lessons learned from a recent event in a similar community to prepare your local community. The most comprehensive, evidence-based and realistic plans will be selected...
Where do you fit on your Organizational Chart - where is your manager - who does...
Where do you fit on your Organizational Chart - where is your manager - who does s/he report to ? Who is the highest nursing executive who does s/he report to? Be prepared for class discussion - who do I need to approach for changes to be made and how are changes made ?staff nurse hospital
Identify a market dominated by an oligopoly. Justify your choice. How does your example fit the...
Identify a market dominated by an oligopoly. Justify your choice. How does your example fit the definition of an oligopoly?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT