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Actually, they wouldn't arbitrarily price their products that way. Companies engage in a little thing called price discrimination. The only difference in a mono
by yarou 13y ago
Actually, they wouldn't arbitrarily price their products that way. Companies engage in a little thing called price discrimination. The only difference in a monopoly is that you are the sole price leader. That doesn't mean you can arbitrarily set the price high. Most cable companies have monopolies thru license in municipalities.
- hueving 13y ago>That doesn't mean you can arbitrarily set the price high. You can if you corner the market and the good is required like food is.
- FLUX-YOU 13y agoYou'll get your stores raided if you control and gouge something like food and water though, possibly ending with a head in a grocery cart. Police might even help. Cable has a bit more leeway with the crowd I'd imagine, though there'd still definitely be consequences. Just not as dramatic consequences. I'd hope people protest gouged cable prices peacefully.
- alexqgb 13y agoJust try. But first, you'll want a refresher on the French Revolution, letting the starving "eat cake" and the amazing effectiveness of guillotines.
- hershel 13y agoSomehow that doesn't work this way. In israel monopolies and price gouging of food is pretty common(not 100X, but maybe 2x), and i haven't seen no violent acts.