A Closer Look at the Oligopoly Market Structure
Apple's Market History
In some countries, government intervention was involved in Apple's smartphone operating incorporation. This intervention included subsidies, taxes, laws and regulatory bodies. The government's intervention all came from the concept to correct market failures. This would create a more equitable distribution of wealth and income amongst the population and increase the economy's performance.
Modern Apple Inc.
The oligopoly market is commonly known as a market where control is in the hands of a few competitors, known as oligopolists. Many would consider Apple's market structure an oligopoly in terms of it's smartphone market, but because they are the only company that manufactures Macintosh system to computers, they are also considered a duopoly.