>also, people should be speaking of monopsony: https://en.wikipedia.org/wiki/Monopsony
For some strange reason the term never really caught on, even having been reported and used multiple times in mainstream media.
I just wish more people understand and use it. Especially in discussions like the current issues.
Re:Apple, Epic, and the App Store
by enos_feedler on Monday August 17, 2020 @08:21PM
(#24193913)
Why are the app store and iphone hardware 2 distinct products? the app store is simply a feature of the iPhone product.
But by selling apps, and driving the prices of these apps low or zero, the sales of iphones goes up.
price of jelly goes to zero, sales of peanut butter go up.
prices of software goes to zero, sales of hardware goes up.
when microsoft created the PC market it took the opposite approach -- commoditize pc hardware, drive the price as low as possible -- and OS sales will go up. It worked too.;
"A complement is a product that you usually buy together with another product. Gas and cars are complements. Computer hardware is a classic complement of computer operating systems. And babysitters are a complement of dinner at fine restaurants. In a small town, when the local five star restaurant has a two-for-one Valentine’s day special, the local babysitters double their rates. (Actually, the nine-year-olds get roped into early service.)
All else being equal, demand for a product increases when the prices of its complements decrease."
https://www.joelonsoftware.com/2002/06/12/strategy-letter-v/
also, people should be speaking of monopsony: https://en.wikipedia.org/wiki/Monopsony