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> If all these companies were so greedy, wouldn't the best way for a company to make money in this world of greedy corporations be to just keep lower prices, wh
by jrflowers 3y ago
> If all these companies were so greedy, wouldn't the best way for a company to make money in this world of greedy corporations be to just keep lower prices, which would result in stealing all of the business from the companies that raised prices, and thereby making more money?
This is a good thinking. Further if they wanted to make even more money they could keep prices low until gaining a large amount of market share and then jack up prices once competition is scarce.
Thankfully as you’ve pointed out this either never happens or is not a sign of a greedy company.