Originally posted by: C42
Originally posted by: emmpee
Originally posted by: C42
Nothing in particular, just laws in general. Sometimes monopoly laws can be a good thing, sometimes not. Overall the laws in place are better there than not for the most part. Of course there are exceptions, always will be.
Monopoly = only *ONE* provider of a good or service.
That is simply not true in this case.
Usually true, in dealing with companies. In this case the xbox hoarders could be seen as one collective unit, shorting the supply for their profit. They, unlike companies, aren't going to be very competitive on price. Actually most will go "Hmm that guy has sold 3 for 900 dollars, that is what I'll set my price, or 1 dollar under" Etc. They might compete, but on a very small level. The smallest amount I see one of the 400 dollar systems going for is 650, and I doubt they will get that low for this first shipment. Companies on the other hand will sell so low that they actually take a loss, to eliminate the competition, or to win over the consumers and then raise the price to make a profit, or find some way to sell an additional item for a profit. Case in point, xbox was sold for a loss, but they made the profit on accessories, games, and xbox live.