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Give an example of a monopoly that exists right now. What circumstances enabled the monopoly to...

Give an example of a monopoly that exists right now. What circumstances enabled the monopoly to exist?

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The monopoly that exists right now is APPLE. This company manufactures the phones and the computers and the software used by it is not used in any other phone or the computer. The software used is named as MAC - IOS and it has a patent for the software it uses . The phones and computers manufactured by this company are very expensive and are exclusively available on the APPLE STORES. This is because the technology used by the company and the special features make the gadgets of the APPLE different in the market that is why the APPLE has the monopoly in the market .

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