Every company in a soft monopoly charges the industry standard, that is how soft monopolies work.
They all stop charging what it’s worth and pick a number together that means maximum profits.
Comment on When we eat the billionaires, we should spare Gabe Newell? No?
IronBird@lemmy.world 13 hours agosteam charges the industry standard…if they lowered it, and their market share naturally increased even further they would be even more open to some kind of anti-monopoly lawsuit (which are very often put forward by less effective companies, who just want the monopoly themselves. ie. Epic)
Grimy@lemmy.world 13 hours ago
masterspace@lemmy.ca 13 hours ago
No, they wouldn’t.
Anti-trust law exists to prevent companies from overcharging consumers, something they can do when they don’t have competition.
Valve keeping their prices far higher than costs is something that can open them up to anti-trust scrutiny. Competitively lowering their prices while still maintaining profitability cannot, as that is the exact goal of anti-trust laws in the first place.
IronBird@lemmy.world 12 hours ago
look into the history of anti-trust laws actual application across US history, just like everything else around our government…it’s a tool for whoever holds power to either ratfuck funds or otherwise manipulate markets, for personal gain/at the direction of the other company.
sweeney is on record as saying he just wants the monopoly for himself, and engages in far more manipulative/anticonsumer behavior than steam does, like buying exclusivity
some monopolies form because all the competition is just incompetent
Grimy@lemmy.world 12 hours ago
It doesn’t matter how the monopoly forms, Gaben is still one of the rat fucks profiting from it. He wouldn’t have been able to spend a billion dollars on boats if he wasn’t.
Whatever arguments you think you have, ask yourself first if they apply to Musk or Bezos. They probably do.