Comment by amadeuspagel
2 years ago
> Apple doesn't have this power though. If they raised prices they'd lose sales.
Yes, that's true for every company. So monopolies don't exist?
2 years ago
> Apple doesn't have this power though. If they raised prices they'd lose sales.
Yes, that's true for every company. So monopolies don't exist?
It isn’t true of monopolists. That’s the whole point of pricing power. You can raise prices higher than they’d be otherwise.
There are lots of inexpensive phones on the market