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Rent seeking? Probably rent seeking.
by IgorPartola 8y ago
Rent seeking? Probably rent seeking.
- potatochup 8y agoGiven that they just laid off 7% of their employees due to cost measures I'd say likely not. They're just not longer subsidizing it for owners because they don't need so much of a draw card.
- Fins 8y agoTaxpayers aren't subsidizing them as much anymore either. Quite possible they just couldn't afford dumping electricity anymore.
- manicdee 8y agoHow can it even remotely be considered rent seeking to charge for a service you provide?
- IgorPartola 8y agoRent seeking always involves charging for a service you provide. That’s not the qualifier. Rent seeking here would be to provide cheap/free fuel until capturing enough of the market, then raising the prices to above market price. Not saying they succeeded. But to me it looks like they tried.