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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 1968 |
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There are no close substitutes, so there is no competition. If a monopoly is not protected from competition by law, meaning a legal monopoly, it may be subject to competitive forces that pressure it to keep prices low in order to dissuade competition from arising. An example of this is Macintosh computers...
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Apple is the only company that manufactures Macintosh system on computers. The Macintosh, or Mac, is a line of personal computers designed, developed, manufactured, and marketed by Apple. Production of the Macintosh is based upon a vertical integration model in that Apple facilitates all aspects of its hardware and creates its own operating system that is pre-installed on all Macintoshes...
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