Yes, Apple is both a monopoly and a monopsony for Apple devices. Just like Marks & Spencer is for Marks & Spencer products. But M&S isn't the only supermarket a

Yes, Apple is both a monopoly and a monopsony for Apple devices. Just like Marks & Spencer is for Marks & Spencer products. But M&S isn't the only supermarket and Apple isn't the only smartphone manufacturer. In fact both have pretty low marketshare.