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We bid on a basket of groceries by choosing a store to shop at though. The price of oranges is mostly immaterial when compared to the greater pricing of the col
by maerF0x0 7y ago
We bid on a basket of groceries by choosing a store to shop at though. The price of oranges is mostly immaterial when compared to the greater pricing of the collection of goods purchased in a single trip. This is why loss leaders make sense. They entice you in w/ a distorted price and then recoup the loss across your basket.
- gnicholas 7y ago> * We bid on a basket of groceries by choosing a store to shop at though* I'm not sure I agree with this. Most grocery stores stock the same food, so it's not as if going to Lucky instead of Safeway shapes what you can/will get. You're right that if you go for particular sale items, you're more likely to get those. But does that have a basket-level impact? I'm not sure it does. Also, consider that when you go to a grocery store, you probably purchase about .05% of the items they sell. It's not like we go to Safeway and buy most of the things they sell there.