Big Decision 1

Blog Post 4 Industry and Market Type       Apple is known as an oligopoly market structure in the competition of smart phone brands announcements, but Apple is known as monopolistic competition in the branded computers.Monopolistic competition in which many sellers are producing highly differentiate products. Apple has been able to maintain their position because its too costly of difficult for any rivalry to enter the industry.        There are a lot of different kinds of competition for Apple but not too many of them are close to Apple. Apple is a multi-billionaire company so they buy all there sources from foreign countries and they can buy all there material thats used to make the devices wholesale, that way they can set there own prices on their items. Oligopolies don't have to settle for industry prices and are often able to set their own price.        Apple is able to keep there manufacturing prices low which helps them keep all close competitors out and keep Ap

Blog 3 Elasticity and Utility       The Apple iPad has a lot of elasticity I believe because it is a product nobody in the world really needs but everyone just really wants it because it's really convenient and easy to pack around. The iPad is a very popular tablet and as the years go on Apple continues to keep making new versions of the Apple iPad and there always looking for ways to improve it and beat out there competition.  As more and more versions of the latest iPads come out I think the elasticity just keeps going up and up because the prices continue to go up with each of them so the demand for them must be pretty great right now.           The relative elasticity of supply for the Apple iPad I think is more elastic because I feel like when a device like that goes on sale at all thats when everyone wants to buy them and it doesn't always have to be the biggest change in price because it's such a popular device even a little drop in price will attract