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In the market for smart-phones, Apple has a well established name, and people are willing to pay much more for an iPhone. Apple fosters distinct
In the market for smart-phones, Apple has a well established name, and people are willing to pay much more for an iPhone. Apple fosters distinct products over which they have a great deal control over price and for which they do charge a higher price. Which market type would be least likely to accurately describe Apple? Group of answer choices Oligopoly More than one of these is correct Pure Monopoly Monopolistic Competition Perfect Competition
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