2 ms·
> but it benefits the consumer In the short run, until there is no competition. This is a classic tactic of monopolists; serve consumers at below cost, wait un
by ch4s3 9y ago
> but it benefits the consumer
In the short run, until there is no competition. This is a classic tactic of monopolists; serve consumers at below cost, wait until competition dies, and then raise prices to higher than pre competition levels.
- BoorishBears 9y agoThat’s what the second paragraph addresses. To me the focus should be on those monopolies, not this singular “tool” in their arsenal that itself, isn’t a huge factor in a formation of a monopoly
- ch4s3 9y agoWhy not both?