| AngryLittleAlchemist said: You said competition is not always important and can often even be a hinderence. I asked if Switch is applicable to this, being the only forseeable handheld right now. |
People argue that competition is required for consumerism to flourish but we see that this is not the case in vast portions of our life ... (see elastic demand)
Many goods and services in life are monopolized from one extent to another but a monopoly can in fact actually self-destruct if customers can't handle the compromises set by producers or service providers ...
Switch being the only portable console so far is not a problem since there's no extreme impediments for it but that doesn't mean consumers can't react differently to how the change in Switch systems are sold when the said manufacturer has a monopoly. For monopolies such as the Switch to be sustainable or any monopolies for that matter the manufacturer's have to be reasonable about parameters such as pricing (very few are going to buy a Switch system at $1000 so settling for $300 is in the realm of being acceptable) or support (Nintendo still has to release games on the Switch regardless of monopoly or not)
