this post was submitted on 30 Jan 2024
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Lemmy Shitpost

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Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

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[โ€“] [email protected] 7 points 10 months ago (1 children)

In this example this new company would probably sell fridges at a whooping discount of some 5% and still be able to sell more although the price is 1990% of the original

[โ€“] [email protected] 1 points 10 months ago

The point being that if company A cuts their price to compete, and company B has an artificially inflated price

Now we have company B with no sales, and are forced to match or beat their competitor

Repeat until the price is fair. This breaks if both companies are co-ordinating with each other and forcing all other competition in line. But that's a crime and would be regulated