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Fabius on scored.co
1 year ago0 points(+0/-0)
>If a tax comes in to make the competition $5, you will likely raise your price $3 or more. In turn.
Not if the competition in your own market remains. If someone else can start an orange business they can undercut you to gain a foothold in the market. This is the nature of business and markets and the reason we are in this predicament to begin with. The Chinese can undercut American companies on price because their "overhead" is less than their competition.
Prices always approach zero while quality goes up. The only way a non-governmental monopoly can exists is buy having the best quality good at the lowest price possible. You must literally eliminate all competition and possibility for competition. This is why non-governmental monopolies have never existed, and if they do, it will be the best product imaginable and good for the consumer.
Not if the competition in your own market remains. If someone else can start an orange business they can undercut you to gain a foothold in the market. This is the nature of business and markets and the reason we are in this predicament to begin with. The Chinese can undercut American companies on price because their "overhead" is less than their competition.
Prices always approach zero while quality goes up. The only way a non-governmental monopoly can exists is buy having the best quality good at the lowest price possible. You must literally eliminate all competition and possibility for competition. This is why non-governmental monopolies have never existed, and if they do, it will be the best product imaginable and good for the consumer.