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Identify statements about the smartphone operating system market.

Select the true statements:
a. Apple's iOS is a dominant player
b. Prices are expected to be lower in a monopoly
c. The market is highly competitive
d. Output is expected to be higher in a monopoly

1 Answer

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Final answer:

Apple's iOS is a dominant player in the smartphone operating system market, which is highly competitive, especially between iOS and Android. Monopolies, contrary to point b and d, can lead to higher prices and lower output.

Step-by-step explanation:

When identifying statements about the smartphone operating system market, we should consider market structure and dynamics. Point a, stating that Apple's iOS is a dominant player, is true as iOS, alongside Android, represents a significant portion of the market. However, b is incorrect because prices are not expected to be lower in a monopoly; instead, monopolies can lead to higher prices due to the lack of competition. Point c is accurate, as the market is highly competitive, particularly between the two leading platforms, iOS and Android. Finally, point d, which suggests that output is expected to be higher in a monopoly, is false. Monopolies often result in lower output to maintain higher prices. The smartphone market, including players like Apple and Samsung, is an example of a highly competitive market rather than a monopolistic one.

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