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. Can you think of other companies you consider to be monopolies? Answer: There was a couple of years ago a big case around W
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Answer - Apple is a monopoly company. It manufactures the mobile phones and other accessories which are unique as compared to other in the market . It has the unique software called IOS which is not present in any phone of other company. It has the unique security features which the other phone do not have. Because of this , it is able to charge the price of its own and thus reduce the consumer surplus and increase the producer surplus in the market because of such a high price being charged.

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