Apple and Google agree to change app stores after 'effective duopoly' claim
#Apple #Google #CMA #App Store #Monopoly #United Kingdom #Digital Economy
📌 Key Takeaways
- Apple and Google have agreed to legally binding changes to their UK app store operations to settle antitrust concerns.
- The Competition and Markets Authority (CMA) identified the firms as an 'effective duopoly' that limited consumer choice.
- New commitments will allow developers to alert users to alternative, potentially cheaper payment methods.
- The reforms are intended to stimulate growth and innovation within the UK's domestic digital and app economy.
📖 Full Retelling
🏷️ Themes
Antitrust, Technology, Regulation
📚 Related People & Topics
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Monopoly
Market structure with a single firm dominating the market
A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic competition to produce a particular thing, a lack of viable substitut...
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