Apple Introduced Its IPhone 3G in July 2008 and Within

question 180

Multiple Choice

Apple introduced its iPhone 3G in July 2008 and within a month sales had topped 3 million units.By April 2009, more than 25,000 apps for the iPhone 3G were available in the iTunes store, an indication that in a competitive market,

• A)the ease at which a new firm can enter a competitive market is low.
• B)the ease at which a new firm can enter a competitive market is high.
• C)entry into the market is blocked.
• D)entry into the market is restricted in the short run, but becomes easier in the long run.

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Definitions:

Postcolonial Africa

The period and circumstances in African countries following the end of colonial rule, focusing on the effects and adaptations after imperialism.

Civil Wars

Armed conflicts between groups within the same country or state, often fought over political power, territory, or cultural differences.

Imperial Powers

Nations or states that possess vast territories or dominions and exert control over other nations or peoples, often through colonization or conquest.

Gross National Product

The total value of all goods and services produced by a country's residents over a specific time period, including international activities.