Is Apple’s success attributable to industry effects, firm effects, or a combination of both? Explain.

Is Apple’s success attributable to industry effects, firm effects, or a combination of both? Explain.

Expert Solution

Apple success is a combination of both industry and firm. There are the numerous kind of digital technology which have been contributed most significantly in recent time. Companies like Apply has got significant impact among the industry and are doing their best or providing many features to society. While Apple has a contribution in firm effect . As apple is such a renouncing company which stand alone in market and have the monopoly power. It don't have competitors.there is no firm which fill the gap,this became apple has monopoly power.

Rahul Sunny answered 2 years ago

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