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I don't see how this can be considered predatory though. It's still an auction. It should sell at the market price. In theory, they should be able to open the
by morgante 11y ago
I don't see how this can be considered predatory though.
It's still an auction. It should sell at the market price.
In theory, they should be able to open their action at $1 and that would be totally fair. If they were selling at $1 that would be a different matter, but the auction structure should guarantee that goods aren't sold at substantially below-market.
- tyingq 11y agoI assume that's why it's currently just an accusation and not a given. It is still possible to control pricing with an auction if you dump enough product with no reserve price...basic supply/demand. A cynic might say they chose the auction route specifically to avoid the appearance of dumping, but ensured they would dump enough volume to get the effect they wanted. Nobody seems to be debating that the sales price is currently lower than the actual cost to produce the product.