The U.S. Department of Justice (with 15 state governments) says Apple has monopolized the smartphone market with restrictions on app developers that force consumers to pay higher prices. —Mike Scarcella, Reuters, March 22, 2024. How concentrated is the smartphone market? The answer depends on which market, the global market or the U.S. domestic market. Figure … Continue reading Apple Antitrust Suit Mirrors Strategy that Beat Microsoft, but Tech Industry has Changed
Month: March 2024
Apple Fined $2 Billion in One of Europe’s Largest Antitrust Actions
The European Union (E.U.) fined Apple €1.84 billion (about $2 billion), saying it set unfair rules for developers of music-streaming apps. The E.U. probe into Apple stemmed from a complaint filed by Spotify, which competes with Apple Music.—Wall Street Journal, March 4, 2024 Data on the music streaming market How big is the music-streaming market … Continue reading Apple Fined $2 Billion in One of Europe’s Largest Antitrust Actions
Ontario Caps 2024 Rent Increases at 2.5 percent; Does Not Apply to Newer Units
Most Ontario landlords will be able to increase rent by up to 2.5 percent next year. The cap does not apply to rental units first occupied after Nov. 15, 2018.—Canadian Press, June 30, 2023 What is a rent cap, and what is Ontario’s rent cap in 2024? A rent cap is a government regulation that … Continue reading Ontario Caps 2024 Rent Increases at 2.5 percent; Does Not Apply to Newer Units
Investment in Dairy, Egg, and Poultry Processing Projects
The government of Canada will invest $89 million in 49 processing projects that will enable dairy, egg, and poultry producers to boost capacity and be more productive by installing automated equipment and technology. — Glacier FarmMedia, February 6, 2024 How will installing automated equipment and technology change a dairy’s total product curve? Total product (TP) … Continue reading Investment in Dairy, Egg, and Poultry Processing Projects