Forum - View topicApple Agrees to Conditional US$450 Million Anti-Trust Settlement
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Spotlesseden
Posts: 3514 Location: earth |
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People love Apple for drive up the price. People hate amazon for not wanting to sell books when the price is too high.
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Suena
Posts: 289 |
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Being someone who doesn't buy ebooks, this is something completely off my radar.
If I understand correctly, what was happening was that a bunch of booksellers wanted to be able to sell ebooks at a high price, but they needed a marketplace that was willing to do that, and Apple was willing to do that, and Amazon wasn't? Is that the gist of it? |
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SilverTalon01
Posts: 2421 |
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So the response to
And I'm not sure regardless of a massive majority in market share if you can call something that is being forced to lower prices due to competition a "monopoly." One of the distinct features of a monopoly is that because they can take the market demand curve as their own demand curve, and then can use the market demand curve to calculate average and marginal costs to find the optimal price. If they are being forced due to competition to sell under that, it doesn't behave like a monopoly. |
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Mr. sickVisionz
 Posts: 2175 |
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But one way to establish a monopoly is to price so low that your competitors can't compete, leaving only you. This is especially doable if your company competes in many fields and you can offset the money lost or not gained in one division by another... which Amazon totally can.
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