Quote:
Originally Posted by jfman
I can compare them to the big six energy companies - I’m the one grounding my analysis in economics here, thank you very much. Having the choice of buying a service or not doesn’t mean competitive pricing.
Could almost anyone reasonably have the means to set up a rival streaming service? No. Barriers to entry are high. Pricing trends to oligopoly.
Could almost anyone set up an independent retail outlet to sell goods similar to those in a supermarket? Yes. As demonstrated my hundreds of thousands of small independent grocery stores, bakeries, fishmongers, off licences and others up and down the country. Barriers to entry are relatively low by comparison. Pricing trends to perfect competition.
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But we are not talking about the energy companies, are we? We are talking about media content.
You can compare that to the media industry if you like, but as discussed on here, you can also compare it with supermarkets. In the first example, prices are higher than we would like and cause governments concern. In the second example, competition between the supermarkets is intense and ensures low prices.
So yes, jfman, it's your choice which industry you compare with, but it's pretty pointless.really.