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Isn't this only true if you assume profits are constant (hence competition effectively not happening)? They could we be paying for some of it by sacrificing pro
by mehrdadn 8y ago
Isn't this only true if you assume profits are constant (hence competition effectively not happening)? They could we be paying for some of it by sacrificing profits, and judging from the fact that some of the best deals get discontinued, I don't assume they all end up making money.
- zAy0LfpBZLC8mAC 8y agoThe money still came from somewhere.
- mehrdadn 8y agoYes, I don't think anyone claimed money comes from nowhere.
- zAy0LfpBZLC8mAC 8y agoWell, you kinda did when you implied that profits aren't paid by the customer. Just because a company "sacrifices profits", doesn't mean those profits would be the same at the same price in a market where there is no credit card quasi-monopoly.