Running head: MARKET STRUCTURE CLASSIFICATIONMarket Structure ClassificationNameInstitution1MARKET STRUCTURE CLASSIFICATION2Market Structure ClassificationApple iphone 6 PlusThe Apple iPhone is a multinational company that is leading in the introduction oftechnological gadgets. Apple Inc tends to best align with oligopoly competition in the aspect ofthe production of the smart phones such as Apple iPhone 6 plus. Oligopoly competition in amarket usually entails few numbers of competitors who are termed as oligopolists. In theoperating systems of the Smartphones firm, Apple is an oligopoly. The three main oligopolistsin these are iPhone 6 of Apple.Inc, Android by Google as well as windows hone of theMicrosoft.The oligopoly market structure is often characterized by a small number of sellerswhereby when making the prices Apple. Inc must liaise with the reaction of the competitors.Apple being oligopolistic it is associated with entry barriers, which make it difficult for newfirms. Such barriers include a customer loyalty that is strong and their patents. Also with theoligopoly market structure, the Apple Inc can control its prices such suppose it lowers ...
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