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>Given that reduced upstream costs typically translate into reduced downstream costs Can you go into a little more detail about "given" here? I'm not under the
by rhizome 9y ago
>Given that reduced upstream costs typically translate into reduced downstream costs
Can you go into a little more detail about "given" here? I'm not under the impression that it's true.
- weberc2 9y agoIf business A can make a widget for $1.00 less than business B, business A will in all likelihood pass some of that savings onto the consumer to incentivize them to buy widgets from business A. Business A makes a little extra and the customer saves a little extra. Again, this is the typical scenario; there are certainly cases that don't fit this mold, but they would be atypical.
- rhizome 9y agoThe widget being a rivalrous good doesn't affect this?