5 ms·
That is a monopoly in their own product, not in a market.
by YUMad 7y ago
That is a monopoly in their own product, not in a market.
- pier25 7y agoDoesn't matter, Apple is the only supplier of iOS apps and forbids any competition here.
- conception 7y agoLG is the only supplier of apps for their TVs and forbids any competition there.
- pier25 7y agoSo?
- closetohome 7y agoExactly.
- henryfjordan 7y agoSo does LG take a 30% rake of all app sales? It's not illegal to have a monopoly. It is illegal to take advantage of that fact with non-competitive pricing.
- xwdv 7y agoThis poor understanding of what a monopoly is on your part is a testament to how uncommon true monopolies have become thanks to modern regulation.
- pier25 7y agoTime will tell.
- wpietri 7y agoIn this case, I think it's both. Contrast Android, where other people have set up app stores: https://en.wikipedia.org/wiki/List_of_Android_app_stores https://en.wikipedia.org/wiki/List_of_Android_app_stores