3 ms·
In a lot of industries you have a company that's a price leader. If they raise prices their competitors will also raise prices to increase profits instead of tr
by Gibbon1 3y ago
In a lot of industries you have a company that's a price leader. If they raise prices their competitors will also raise prices to increase profits instead of trying to take away market share from the price leader. They'll do that because it's trivial to do vs the risk and logistical hassle of trying to increase production. Remember the price leader can instantly drop prices again which could put you underwater.