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Collapse Subdiscussion Mark Engel Mark Engel XXXXXXXXXX:49pm May 29 at 6:49pm Hi Marcus, thanks for your post. I agree with you on how both Apple and Microsoft are the biggest players in the market...

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Collapse Subdiscussion Mark Engel

Mark Engel

XXXXXXXXXX:49pm May 29 at 6:49pm

Hi Marcus, thanks for your post. I agree with you on how both Apple and Microsoft are the biggest players in the market when it comes to computers. Without one another to have as their competition, who knows where technology would be at this moment. Its companies like these two who continue to break the barriers of what we think technology can advance to. I too believe that both of these companies operate in an oligopoly market structure.


Collapse Subdiscussion Jan Tucker

Jan Tucker

XXXXXXXXXX:59am May 29 at 4:59am

I appreciate your post Marcus. Here is the news article about MS investing $150 million in Apple in 1997: http://www.wired.com/2009/08/dayintech_0806/(Links to an external site.)Links to an external site.. It is really an interesting strategic move on Microsoft's end. Do you think in hindsight, Bill Gates still thinks that was the right move?

Oligopoly video:

Episode 30: Oligopoly(Links to an external site.)Links to an external site.

https://www.youtube.com/watch?v=ElBF2D7IHAI&feature=youtu.be
Answered Same Day May 30, 2021

Solution

Aashika answered on May 30 2021
157 Votes
Managerial Economics
Managerial Economics
Reply to Mark Engel:
I think you have very well pointed out why the technology needs to get better day by day. One of the reasons may be to serve the customers well but surely the other and the very important reason is to survive in the market due to the increasing competition. Whenever one of the competitions introduces a new technology, the others do have to put in extra effort...
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