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Epic v. Google day 15 ends with Epic resting its case — and the “cellophane fallacy.”
Bernheim’s penultimate word was to point out there’s a well-known concept that explains that competition naturally happens, even in monopolies:
The cellophane fallacy says that even a monopolist will raise its price to the point people will switch to something else, and then business people say we’re competing, but you’re competing at a very high price, way above a competitive level and the antitrust laws are supposed to stop that.
Epic lead attorney Gary Bornstein announced that Epic rests its case. The jury has been dismissed for a week. We’ll be back on December 11th with closing arguments and jury instructions.
I’m working on one more post for you before I leave for the day, though — refresh our StoryStream in a couple minutes for that.
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