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It's just business (lemmy.world)
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[-] sukhmel@programming.dev 8 points 10 months ago

In this example this new company would probably sell fridges at a whooping discount of some 5% and still be able to sell more although the price is 1990% of the original

[-] throwwyacc@lemmy.world 1 points 10 months ago

The point being that if company A cuts their price to compete, and company B has an artificially inflated price

Now we have company B with no sales, and are forced to match or beat their competitor

Repeat until the price is fair. This breaks if both companies are co-ordinating with each other and forcing all other competition in line. But that's a crime and would be regulated

this post was submitted on 30 Jan 2024
1944 points (100.0% liked)

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