Like how a serf could move their crops to a more generous lord.
It’s a false dichotomy that you either have one monopolistic company or perfect competition. Like almost everything, it’s a spectrum.
Apple and Google aren’t monopolies, they’re oligopolies. That’s better but a far cry from efficient competition. Compare their 30% App Store cut to online stock brokers which charge single-digit percentage fees and also require significant infrastructure and compliance overhead. They’d love to charge more but they’re in a sea of competitors who would eagerly steal away their customers.
It’s a false dichotomy that you either have one monopolistic company or perfect competition. Like almost everything, it’s a spectrum.
Apple and Google aren’t monopolies, they’re oligopolies. That’s better but a far cry from efficient competition. Compare their 30% App Store cut to online stock brokers which charge single-digit percentage fees and also require significant infrastructure and compliance overhead. They’d love to charge more but they’re in a sea of competitors who would eagerly steal away their customers.