> In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises.[3] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[3]

All countries with a working democracy would class Apple as a monopoly as it has significant market power, enough to distort prices.

https://en.wikipedia.org/wiki/Monopoly