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If 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 the
by weberc2 9y ago
If 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?