Re:Facebook Declared War on Apple, and It Just May Signal th...
by dragonwriter on Thursday December 24, 2020 @02:48PM
(#25530791)
> Isn't that a market failure then?
By definition, every non-ideal behavior of real markets is a “market failure”.
Real markets, as opposed to Econ 101 idealized ones, are full of market failures, both due to structures that Econ 101-level analysis ignores about basic market structures and human irrationality.
By definition, every non-ideal behavior of real markets is a “market failure”.
Real markets, as opposed to Econ 101 idealized ones, are full of market failures, both due to structures that Econ 101-level analysis ignores about basic market structures and human irrationality.