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Costco gets to sidestep a lot of regulations because they technically are a private club with paid membership. The US anti-monopoly laws are also unusually weak
by cyberax 8mo ago
Costco gets to sidestep a lot of regulations because they technically are a private club with paid membership. The US anti-monopoly laws are also unusually weak.
In other countries, selling a $7 chicken if it's subsidized by the sale of other goods can indeed be illegal.
- hrimfaxi 8mo agoDo you have some countries in mind where that's illegal?
- tovej 8mo agoThat would most likely be illegal in Finland. You're not allowed predatory pricing. And the same is true for the EU as a whole, although you may have to be operating in an international market, not just a local one. See Abuse of dominance in: https://en.wikipedia.org/wiki/Article_102_of_the_Treaty_on_the_Functioning_of_the_European_Union https://en.wikipedia.org/wiki/Article_102_of_the_Treaty_on_t...
- cyberax 8mo agoThe US, the Sherman Antitrust Act prohibits predatory pricing.
- hrimfaxi 8mo agoSo if I could charge less for chicken because I use that as a doorbuster to get you inside the store, but I charge more for other items, that is predatory pricing and against US law?
- apex_sloth 8mo agoIn Germany, selling goods for less then the one bought them for can be illegal if its used to push competition out on a large scale.
- deleted 8mo ago[deleted]
- MichaelZuo 8mo agoIf you now acknowledge there is a carve out… couldn’t there be two carve outs? Or more? It seems like you havent thought this through at all.