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But why? Just let the market do its thing: - if a market player wants to sell goods or services at a loss, let them do it and it benefits the consumer - if th

by fosk 6y ago

But why? Just let the market do its thing: - if a market player wants to sell goods or services at a loss, let them do it and it benefits the consumer - if the competition goes out of business and the prices are raised, somebody else will see the opportunity to enter the market at a lower cost. Rinse and repeat. The consumers benefit from it either way.

rileymat2 6y ago
That implies memory of past events would not affect people willing to take the new opportunity.
gbear605 6y ago
In one option, there’s high turnover (bad for customers, employees, and restaurants) leading to restaurants not signing up with future food delivery companies due to being burned in the past. In the other option, there’s a heathy competition leading to customers paying realistic prices (an undistorted market) and giving delivery workers and restaurants more stability.