Apple enjoys an extensive monopoly power in the market for MP3 players since Apple's iPod:
A) has many competitors.
B) is more expensive.
C) is hard to duplicate.
D) is protected from competition.

Question

Quizplus · Accepted Answer

Apple's iPod is hard to duplicate due to its unique design, technology, and brand reputation, which contributes to its monopoly power in the MP3 player market.

Apple Enjoys an Extensive Monopoly Power in the Market for MP3