3 ms·
It's easy to do, just follow the Walmart (or other large corporation) business model: Maintain artificially low prices long enough to destroy the rest of the l
by linuxftw 8y ago
It's easy to do, just follow the Walmart (or other large corporation) business model: Maintain artificially low prices long enough to destroy the rest of the local market, create captive customers, raise prices.
In the case of a seed supply company, this could be done either via buying up competing farms and selling the end product for much less than your competitors; alternatively, supplying your seeds so cheaply that farmers would be stupid to use the alternative. Once the traditional seed supplies are gone, enjoy your monopoly.
- loeg 8y agoThe process you've just described is illegal in general: https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/predatory-or-below-cost https://www.ftc.gov/tips-advice/competition-guidance/guide-a... Walmart's case is complicated.