5 ms·
Absolutely. Once you raise, you're practically praying for the economy to tank. All of your poorly funded competitors go away and everything gets way cheaper (p
by pbreit 11y ago
Absolutely. Once you raise, you're practically praying for the economy to tank. All of your poorly funded competitors go away and everything gets way cheaper (primarily, labor).
- mcintyre1994 11y agoDoes this hold if you're selling a luxury good like holidays?
- pbreit 11y agoI'm sure there are exceptions but very few. And not that one. A well-capitalized player could go a long way towards sewing up the entire market.