lautan to Canada · 1 year agoGrowing food bank lines are a sign that society has lost its way, a Groceries and Essentials Benefit would help the most vulnerable citizenswww.thestar.comexternal-linkmessage-square47linkfedilinkarrow-up1213arrow-down12file-textcross-posted to: [email protected][email protected]
arrow-up1211arrow-down1external-linkGrowing food bank lines are a sign that society has lost its way, a Groceries and Essentials Benefit would help the most vulnerable citizenswww.thestar.comlautan to Canada · 1 year agomessage-square47linkfedilinkfile-textcross-posted to: [email protected][email protected]
minus-squareCanadaPlus@lemmy.sdf.orglinkfedilinkarrow-up5·1 year agoI mean, if we had actual competition they’d be forced to pull their prices right back down again competing with each other.
minus-squareMurdoc@sh.itjust.workslinkfedilinkarrow-up5·1 year agoLowering prices is only one possible outcome of competition though. So is lower product quality, and laying off workers. In general, cutting costs.
minus-squareCanadaPlus@lemmy.sdf.orglinkfedilinkarrow-up2·edit-211 months agoDoesn’t that suggest they’d get more market share by having worse quality, somehow? Companies do all those things, and not always for good reason, but let’s get our econ 101 ducks in a row a bit. I don’t think it’s because of competition for buyers.
I mean, if we had actual competition they’d be forced to pull their prices right back down again competing with each other.
Lowering prices is only one possible outcome of competition though. So is lower product quality, and laying off workers. In general, cutting costs.
Doesn’t that suggest they’d get more market share by having worse quality, somehow?
Companies do all those things, and not always for good reason, but let’s get our econ 101 ducks in a row a bit. I don’t think it’s because of competition for buyers.