Apple enjoys an extensive monopoly power in the market for MP3 players since Apple's i-Phone:
A) has many competitors.
B) is more expensive.
C) is hard to duplicate.
D) is produced overseas.

Question

Quizplus · Accepted Answer

The statement points out that Apple enjoys a monopoly power in the market for MP3 players due to the i-Phone, and the reason for this monopoly power is that it is hard to duplicate. This means that other companies face significant barriers to entry in this market, giving Apple an advantage. The other options are not relevant to the explanation of why Apple has a monopoly.

Apple Enjoys an Extensive Monopoly Power in the Market for MP3