3 ms·
There is a technical definition of monopoly, and this case has a lot of people throwing around terms like “monopoly rents” with no relationship to the actual de
by parasubvert 6y ago
There is a technical definition of monopoly, and this case has a lot of people throwing around terms like “monopoly rents” with no relationship to the actual definition.
A monopoly means you have total control over a market and thus control the price of the market. Monopoly rents are where you can charge higher prices but people won’t go to the competition. Neither is true: app devs can charge whatever they want for their apps. The redirections are about stopping underselling across stores which is a common retail practice when they carry your wares.
This is a fight about retail markup. Epic knows they don’t have a strong legal case which is why they have the PR campaign. The only recourse will be to convince people to change the laws, because this case doesn’t neatly fit in the traditional antitrust model.