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Joined 1 year ago
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Cake day: July 3rd, 2023

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  • That means that if some companies decide to raise prices because of more purchasing power, some smart company is going to charge less to gain more market share.

    Here is how this turns out in reality: Company A raises prices because they are greedy bastards. Company B is then impressed with the sheer display of dominance by A and raises prices accordingly to “keep up”.

    Your thinking is correct and that’s how it should work, maybe it even did in the 60s, but it just isn’t the case anymore.