In perfectly competitive markets, producers are price takers. That includes at a wholesale distribution level.
Being able to pick and choose your customers (and apply conditions to any sale that favour Apple and disadvantage the customer) is a perfect indication of the level of market power that apple possesses.
Most businesses in competitive industries don’t get to do that.
Being able to pick and choose your customers (and apply conditions to any sale that favour Apple and disadvantage the customer) is a perfect indication of the level of market power that apple possesses.
Most businesses in competitive industries don’t get to do that.