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> buyers are able to scan the internet very quickly for what other sellers are willing to sell at. For retail goods, this makes sense; however, the notion t
by akira2501 2y ago
> buyers are able to scan the internet very quickly for what other sellers are willing to sell at.
For retail goods, this makes sense; however, the notion that the majority of people are doing this for food items like bananas and potatoes is a little bit specious.
I mean are the types of retailers you're describing posting their prices on the Internet in the first place? Or is price discovery happening entirely by word of mouth?
- lotsofpulp 2y agoIf a price arbitrage opportunity opens, then other retailers will advertise their lower prices. That is why grocery retail is so low margin, if you try to increase your profit margin, someone else will take your business.