An article in the Wall Street Journal discussing the smartphone market notes that industry analysts make the

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An article in the Wall Street Journal discussing the smartphone market notes that industry analysts make the following
observation: Apple’s “biggest advantage has been its role as the only seller of devices featuring its iOS operating system. The iOS monopoly means users who switch to a rival device would have to learn a new system and potentially give up some stored information, analysts say.” Does Apple have a monopoly on smartphones? Why are the analysts quoted in the article using “monopoly” in this context?

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Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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