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.phone, a smartphone manufacturer, currently dominates the smartphone market.

Which of the following may explain why this is beneficial for the smartphone industry?

A.

.phone's monopoly in the industry allows for better research and development, thus leading to better and more frequent technological advances

B.

.phone's monopoly in the smartphone industry allows it to produce its phones at a more affordable price

C.

.phone's monopoly allows the company to increase supply and therefore make smartphones more available, especially to those in developing markets

D.

.phone's monopoly allows it to increase its own profits significantly, therefore benefiting the market as a whole

CIMA BA1 Summary

  • Vendor: CIMA
  • Product: BA1
  • Update on: Jul 28, 2025
  • Questions: 468
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