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They didn't need excuses to raise prices, this explanation still doesn't explain why they waited. Cartel's don't care what their consumers think since they've c
by HDThoreaun 3y ago
They didn't need excuses to raise prices, this explanation still doesn't explain why they waited. Cartel's don't care what their consumers think since they've cornered the market on an inelastic product.
- ceejayoz 3y ago> Cartel's don't care what their consumers think since they've cornered the market on an inelastic product. They do care about attracting the ire of regulators, which can be triggered by consumers getting fed up with price increases.
- HDThoreaun 3y agoRegulators are toothless in this country. I'm not buying the "scared of regulation" angle.
- prepend 3y agoSo what about regulators is different now than 10 years ago or 20? It seems like the same crappy level of price regulation now as 40 years ago.