3 ms·
When a supplier has oursized market power that's monopoly. When a buyer has outsized market power it's called a monopsony. I guess that's the concept gp is re
by xyzzy123 2y ago
When a supplier has oursized market power that's monopoly.
When a buyer has outsized market power it's called a monopsony.
I guess that's the concept gp is reaching for.
- brigadier132 2y agoI don't know the right way to describe it but Apple is the gatekeeper to their customers. I think it's accurate to say they sell access to their customers.
- szundi 2y agoNo no, it’s when there’s no one else to buy from
- xyzzy123 2y agoI'n saying that from a chip supply perspective Apple is "monopsony-ish" since they control so much of the demand for chips. This is probably true in many areas of their supply chain. The "smell" of a monopsony is the ability to squeeze suppliers to the point of having the power to drive them out of business if they don't meet your terms.