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In the early days of personal computers, did Apple and Microsoft have any competition that just isn't around anymore or did they essentially always maintain a monopoly?
In the early days of personal computers, did Apple and Microsoft have any competition that just isn't around anymore or did they essentially always maintain a monopoly?
Expert Solution
My first personal computer was a TRS-80 from Radio Shack. We can conclude from my experience that there was competition in the personal computer industry that is not around anymore. Other competitors included Compac, Commodore, and IBM.
However, it is not correct to say that Apple and Microsoft have a monopoly today. By definition, since there are two firms competing with each other, it would be an oligopoly rather than a monopoly.
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