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It is complete nonsense. In fact, it is scale that drives competition, and it is competition that brings prices down. Moreover, the product models for diabetic
by OutOfHere 2y ago
It is complete nonsense. In fact, it is scale that drives competition, and it is competition that brings prices down.
Moreover, the product models for diabetics are different.
- elihu 2y agoCompetition is usually good for bringing prices down (basically discouraging price-gouging by the manufacturer), but scale in itself can bring costs down too. The manufacturer has to amortize their development and regulatory approval costs across devices sold. Or you could say that competition reduces the price ceiling, whereas scale reduces the price floor.