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They’re producing less with higher profits. That’s just a textbook example of there not being enough competition in the market or there’s be competitors trying
by lovich 4y ago
They’re producing less with higher profits. That’s just a textbook example of there not being enough competition in the market or there’s be competitors trying to enter and steal that market share.
If they were producing less and maintained profit margins or saw them drop, that might be an indication that the costs in general have risen enough that the price increases are just because the sellers can