Problem: Describe the dominant characteristics of the industry in which APPLE operates, addressing the following questions:
- Who are your main competitors?
- Are they significant barriers to entry?
- What is your company's market share?
- What is the market share of your main competitors?
- What is the four-firm concentration ratio in your industry? Over time, has this ratio increased, decreased, or remained constant?
- Is your company a military contractor? If so, how are prices determined?
- Based on your previous answer, is your industry moving more in the direction of competition or is it moving more in the direction of market power?
Assignment Expectations:
You are expected to:
Describe the purpose of the paper and provide a conclusion.
Present information in a professional manner.
Answer the SLP Assignment question clearly and provide necessary details.
Write clearly and correctly—that is, no poor sentence structure, no spelling and grammar mistakes, and no run-on sentences.
Provide citations to support your argument and place references on a separate page. (All the sources that you listed in the references section must be cited in the paper.)
Use APA format to provide citations and references [https://owl.english.purdue.edu/owl/resource/560/01/].
Type and double-space the paper.
Whenever appropriate, please use Excel to show supporting computations in an appendix, present economic information in tables, and use the data to answer follow-up questions.