It's possible with just about every CD-burner and DVD-burner ever made, provided that the audio CD isn't copy-protected.
Most CD/DVD burning software can copy a non-protected audio CD. Audio CDs with scratches or other defects may not copy well in all programs, since speed is often chosen over quality.
For perfect copies I suggest you use PlexTools Professional which is bundled with Plextor drives in Europe (and also with the PX-716 in the US, I think?) or the freeware program Exact Audio Copy (EAC).
If you try to copy copy-protected Audio CDs the result depends on the type of protection and the drive used to rip (read) the source CD; not all drives can properly read all types of protection.
Whether you are even allowed to copy Audio CDs depends on the legislation in the country/state you live in.