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In perfectly competitive markets, producers are price takers. That includes at a wholesale distribution level. Being able to pick and choose your customers (an
by milderworkacc 4y ago
In perfectly competitive markets, producers are price takers. That includes at a wholesale distribution level.
Being able to pick and choose your customers (and apply conditions to any sale that favour Apple and disadvantage the customer) is a perfect indication of the level of market power that apple possesses.
Most businesses in competitive industries don’t get to do that.
- MichaelZuo 4y agoTesla?