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Cake day: August 5th, 2023

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  • 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


  • throwwyacc@lemmy.worldtoLemmy Shitpost@lemmy.worldIt's just business
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    9 months ago

    The incentive here would be that a new company could sell far more fridges when reasonably prices compared to their competitors and take all of their market share

    But yes of course govt regulation is required when there is actual price fixing going on. I’d also like to know the alternative way of pricing goods/services from people with the alternate view