5 ms·
Did you read the link you just posted? Seriously. It clearly states what I said, and contradicts what you said. As per YOUR LINK, you don't need a monopoly for
by woofie11 6y ago
Did you read the link you just posted? Seriously. It clearly states what I said, and contradicts what you said. As per YOUR LINK, you don't need a monopoly for antitrust; just "the ability to raise prices above those that would be charged in a competitive market."
Apple unambiguously has this with their app store.
- nodamage 6y agoNot all antitrust violations require monopoly power, that is true. For example, price fixing is illegal even if the companies involved do not have monopoly power. However, several of the claims Epic made in their lawsuit do require proving that Apple has monopoly power, which is going to be a difficult argument with their current 46% market share.
- woofie11 6y agoWhich ones? I only skimmed the case, but it looked like market power would suffice. In either case, the standard legal approach is to throw the kitchen sink of claims, to see which ones stick. Most claims get rejected by the courts, but if you have a few that work, it's enough. It also helps settle. If I have a dozen $10 million dollar claims, with a 5% chance of success each, a rational opponent will throw me $6 million to go away. If the parties settle, the kitchen sink approach is not a bad one to get a better settlement.
- nodamage 6y agoThe claims of "unlawful monopoly maintenance" in particular. But you're right, I think their best chance of success is the tying claim between "iOS App Distribution" and "iOS In-App Payment Processing" which only requires market power. I don't think Epic cares to settle here though, they have more than enough money to keep this suit going for the next decade.
- ChrisLomont 6y ago>As per YOUR LINK, you don't need a monopoly for antitrust; just "the ability to raise prices above those that would be charged in a competitive market." Instead of picking one sentence out of context, why not quote the entire thing? Does it still support your claim? Here is your sentence in context for those who care about truth: "the Supreme Court, in other cases, seems to have articulated standards for 'monopoly power' and 'market power' that, at least linguistically, are incompatible. In NCAA v. Board of Regents, [FN33] the Court defined 'market power' as 'the ability to raise prices above those that would be charged in a competitive market.' [FN34] By contrast, the Supreme Court has consistently defined 'monopoly power,' at least for section two cases, in accordance with the definition articulated in United States v. E. I. du Pont de Nemours & Co. [FN35]-i.e., as 'the power to control prices or exclude competition.' [FN36] Strictly construed, the Court's language appears to require a higher burden of proof to establish 'market power' than to demonstrate 'monopoly power,' because proof of a defendant's ability to exclude competition would not suffice to demonstrate the existence of 'market power.' Moreover, even the price portion of the du Pont monopoly power definition is broader than the NCAA market power standard because the latter ignores the ability to prevent price decreases." Did you ignore what is current case practice? Did you ignore that the article cited more cases supporting my position than yours? Your out of context quoting is intellectually dishonest. Some more quotes you ignored - go ahead and post them in context if you like. "Most antitrust rules require the plaintiff to show that the defendant has or is likely to obtain 'market power' or 'monopoly power.' The offense of monopolization requires, of course, proof that the defendant has monopoly power." "According to the Supreme Court's latest formulation, a tying arrangement is not illegal unless the seller has 'market power' in the tying product." > Seriously. It clearly states what I said, Yes, indeed. It's so clearly stated you removed the context that clearly states the opposite of what you said. I guess I should have found a clearer explanation, since you quote things out of context. Here's an easier read [1], and here's some legal standards applied from there with case citations: Under cartels and collusion: "if the enterprise (as an economic entity) has not acquired a monopoly position, or has significant market power, then no harm is done." Two questions: 1) Why did you remove the context of your quote? 2) Can you cite a successful anti-trust case where monopoly power was not shown in the proceedings? [1] https://en.wikipedia.org/wiki/United_States_antitrust_law https://en.wikipedia.org/wiki/United_States_antitrust_law