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or... decreased shipping costs will go into the pockets of the business owners as additional profits. Since I'm already used to paying $X for that, why would

by jmadsen 10y ago

or... decreased shipping costs will go into the pockets of the business owners as additional profits. Since I'm already used to paying $X for that, why would you necessarily cut that out when you can keep it? Just another possibility.

awad 10y ago
Because a competitor will come along and do so
- ethanbond 10y ago
  And yet here we are at the peak of wealth disparity because of exactly this happening. Relying on abstract economic theories about market efficiency is stupid when you're literally watching this happen all around us.
- falcolas 10y ago
  Why, when they can collude (implicitly or explicitly) and keep the profits high for both of them? It's much more profitable to put someone out of business through methods other than competition.
  - awad 10y ago
    Generally speaking, monopolies are illegal for this very reason