Rate Expectations: Apple and the New Price Regulators
Competition policy is supposed to protect the competitive process, not do double-duty as price regulation. Yet the line between the two appears to be blurring in both a U.S. antitrust case and the European Union’s enforcement of the Digital Markets Act (DMA).
On Aug. 14, after years of litigation with Epic Games, Apple submitted a proposed commission structure to the U.S. District Court for the Northern District of California. Under the proposal, Apple would collect a 15% commission on purchases made through links from iOS apps and 10% on subscription renewals. Small businesses…
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