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Only if no competitors exist, or all the competitors are colluding.
by lotsofpulp 2y ago
Only if no competitors exist, or all the competitors are colluding.
- londons_explore 2y agoI feel like nearly every industry is colluding, at least a little, with a "we wont screw you over if you don't screw us over" approach. Competition focuses on trying to expand the market, rather than screwing a competitor and stealing all their clients.
- lotsofpulp 2y agoThat is a unnecessarily narrow definition of competition, and businesses don’t steal clients (absent illegal methods), they provide better products or services at a preferable utility to price ratio such that customers choose them over another business. Just like a person performing better in a job interview isn’t stealing from other applicants who performed worse.