508
A three-year UBI study done in Germany shows that a guaranteed monthly check increased labor market exploration and increased work satisfaction.
(www.pilotprojekt-grundeinkommen.de)
Why not do it anyway without ubi. They have no competition I assume given the scenario you give. People can't shop somewhere else I assume under your scenario.
Well they have done it anyway, but reached an equilibrium where they all might start losing customers
exactly. The price is based on if the customer can go get a better price somewhere else as opposed to if the customer has more money to spend.