2 ms·
> ultimately lower-cost products When has reduced competition ever resulted in lower-cost products? Even for goods we already mass produce, companies respond
by Aloisius 8mo ago
> ultimately lower-cost products
When has reduced competition ever resulted in lower-cost products?
Even for goods we already mass produce, companies respond to tariffs of their competitor's goods by hiking their own prices up.
- Alupis 8mo agoReduced competition is a near-term affect. Demand will remain constant (or increase) for goods, so businesses will open and compete over the long-term. In the future it will be cheaper to purchase domestically produced goods vs. import them from half a world away...