Question

apple, which controls over 75 percent of digital music sales, was able to dictate song pricing for years, despite the tremendous protests of the record labels. this implies that:

Answer 1

If apple, which controls over 75 percent of digital music sales, was able to dictate song pricing for years, this implies that: Companies with strong network effects tend to enjoy substantial bargaining power over partners.

What is bargaining power?

Bargaining power can be defined as the way in which a company tend to have the ability to negotiate than another company in which the company with  the best negotiation power  tend to win the deal in which  both companies are negotiating on.

This scenario best illustrate bargaining power which is what makes it possible for apple to have control over seventy five percent of digital music sales.

Therefore we can conclude that apple have strong bargaining power over others companies.

Learn more about bargaining power here: brainly.com/question/3169605

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