3 ms·
>Selling things at a loss to drive competitors out of business verticals is surely bad for the consumer in the long-term no? Not necessarily. 1. They can find
by dominotw 9y ago
>Selling things at a loss to drive competitors out of business verticals is surely bad for the consumer in the long-term no?
Not necessarily.
1. They can find efficiencies of scale in the system from operating in such large scale and vertical integration. Then its not bad for the customer.
2.If they have to raise prices when competition is out of business, competition will come back in sooner or later. So maybe its bad for customer in short term.