competitive market

Attorney General Merrick Garland said Visa's dominance had allowed it to extract fees that were far higher than it could have charged in a "competitive market".

“The software is not driving higher rates than what would happen in a competitive market,” Stephen Weissman, a lawyer for RealPage told USA Today.

In a truly competitive market, authorities said, property owners would be forced to compete with each other, helping to drive down rental costs for Americans.

When again citing that very statement, Mehta noted that “that is the antithesis of a competitive market” and pointed out: “These are Fortune 500 companies, and they have nowhere else to turn other than Google.”

And even with all that, on-demand food delivery apps are still having trouble figuring out a profitability model that works post-pandemic, thanks largely to high operating costs, low margins and the deeply competitive market.