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This is correct. Food companies cannot hike prices just because, especially when they are monopolies. If suddenly eggs cost $20/dozen, customers will ask why an
by darth_avocado 3y ago
This is correct. Food companies cannot hike prices just because, especially when they are monopolies. If suddenly eggs cost $20/dozen, customers will ask why and if there are no good explanations, there will be a lot of noise. And politicians and regulators who are otherwise not willing to act on monopolies, do not like noise because it threatens their jobs. They will act, and that will not be great for the food companies.
- HEmanZ 3y agoOr, ya know, they can’t raise prices that high because people will just stop buying eggs and they will stop making money. Eggs are very much an elastic good. Does no one understand basic economics anymore?
- nobodyandproud 3y agoEggs are a fungible product (well, sort of). In a working market there are a lot of sellers and buyers and I'd find the lowest ask price and buy it. In a failed market, the price is locked. You’re actually advocating for anti-competition and anti-capitalism.
- colpabar 3y ago> they will act They will say “what inflation?” and then tell us that it’s actually a good thing that eggs cost that much.
- corinroyal 3y ago> They will act Citation needed. Anti-trust enforcement went out with Clinton.