patrice
11:37:54
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patrice
15:13:07
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patrice
15:14:23
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JeffG
15:51:01
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chuckjoiner
16:08:07
Howdy chat room.
bobbeach
16:12:50
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chuckjoiner
16:16:04
Hey! bobbeach is here! :)
patrice
16:16:20
Howdy @bobbeach
bobbeach
16:17:20
Structural remedies or conduct remedies
bobbeach
16:20:08
You haven’t read the 88 pages JeffG
bobbeach
16:20:26
I’m shocked
chuckjoiner
16:20:41
I read 4...and then burned it in anger.
chuckjoiner
16:21:02
In fact, I printed it out so I could burn it.
bobbeach
16:23:26
A monopoly does not mean 100% market share in competition policy legislation
bobbeach
16:23:59
Not so in the legislation chuckjoiner
bobbeach
16:24:04
See my comment above
bobbeach
16:25:28
70% old usually be more than enough
bobbeach
16:26:12
You can see Apple’s market power in their huge profit margins
bobbeach
16:45:51
The smartphone market is essentially a duopoly. I’m surprised it hasn’t been investigated before
patrice
16:46:27
Maybe a triopoly Apple, Samsung, Huawei
bobbeach
16:47:24
You have an incredibly cynical view of government officials working in the DoJ
chuckjoiner
16:47:43
Not denying that, bobbeach
bobbeach
16:47:51
For an economist there is a clear primary facie case for investigation
bobbeach
16:48:01
Prima facie
patrice
16:48:21
As I said: I understand them having a closer look. Investigating this. BUT: this is beyond that
bobbeach
16:48:36
I have much greater faith in our competition and markets authority
chuckjoiner
16:48:38
You beat me to that point, Patrice.
bobbeach
16:49:11
I don’t think it is beyond that
chuckjoiner
16:49:13
If things were pure, I would agree. The political overtones here drive my skepticism.
bobbeach
16:50:23
As I said before, Apple’s profit margins are almost certinaly way above what economics term “Normal profit” I.e. the profit earned in a highly competitive market
bobbeach
16:51:02
They clearly use their market power in the smartphone market to attempt to dominate in others
chuckjoiner
16:51:32
So the fact that the market has opted to choose to pay more for their product means they are a monopoly? Didn't they just create a better product that people are willing to pay for?
bobbeach
16:52:47
Fining is not the usual recommended remedy by economists
bobbeach
16:53:43
Would you not buy it if it was less expensive chuckjoiner ? I think not
bobbeach
16:54:19
The fact that some people are willing to pay Apple’s high prices does not mean they don’t have market power
chuckjoiner
16:56:26
Agreed. But IMHO it doesn't mean "monopoly" either.
chuckjoiner
16:58:03
Seriously: glad you are here bobbeach. I love it when we can disagree and make people think.
chuckjoiner
16:59:27
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chuckjoiner
16:59:49
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bobbeach
17:06:15
£165 for a hair dryer!
patrice
17:10:50
People spend 400 Pounds for a dyson hair dryer @bobbeach
bobbeach
17:11:25
Unbelievably yes
patrice
17:11:42
if you need it.. and use it a lot. I would spend that.
JeffG
17:20:24
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patrice
17:20:45
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bobbeach
17:23:46
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chuckjoiner
17:23:52
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