In terms of processing power, speed, memory, and so on, how do Macs and PCs actually compare? And does Apple innovate in terms of basic hardware quality as often or less often than the likes of HP, Compaq, and other producers? This question is of broader interest from an economist's point of view because it also has to do with the age-old question of whether competition or monopoly is a better spur to innovation. In a certain sense, Apple is a monopolist, and PC makers are in a more competitive market. (I say in a certain sense because obviously Macs and PCs are substitutes; it's just that they're more imperfect substitutes than two PCs are for each other, in part because of software migration issues.)
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