Quote:
Originally Posted by OLD BOY
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.
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On the contrary, Old Boy, you can only compare it with anything you like with a flawed understanding of economics.
You are the one that has described restrictions on distribution methods, vertical integration and all the classic characteristics of monopoly and oligopoly. You have even described it as a market that multi-billion dollar companies will be unable to compete in. That’s not the conditions of perfect competition driving down prices for end users.