RE: If I Was Still On Hive

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If I Was Still On Hive

in blurt •  2 years ago 

the example i started with was a can of beans

a friend of mine once worked in a canning plant

and all of the cans contained the same product

but some of the cans had different labels

and on the store shelf

some of those labels are consistently marked at a higher price

knowing what i know now

i am no longer purchasing items with those labels

specifically because they seem deceptive


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  ·  2 years ago  ·  

None of that is a scam. Caveat emptor. If they weren't beans then it would be a scam. If they were a different type of beans than advertised, that would be a scam.

Is Almond Milk a scam?

  ·  2 years ago  ·  
  ·  2 years ago  ·  

Still doesn't explain what intrinsic value any product has and when it suddenly becomes price gauging as opposed to priced accordingly.

  ·  2 years ago  ·  

why are monopolies bad ?


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  ·  2 years ago  ·  

I've already answered that.

  ·  2 years ago  ·  

you alluded to "price-gouging" without saying "price-gouging"


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  ·  2 years ago  ·  

It's not price gauging, it could lead to that, it could simply be "acceptable" prices it still would undermine free market. Monopoly isn't known for price gauging, it's known for undercutting the market and cornering it by undecuting it, you can't have a monopoly by price gauging. I asked you to define or explain by what virtue a product has a certain price, which is what you claimed makes a scam if it were otherwise.

  ·  2 years ago  ·  

the point of monopoly is to control pricing

that's the only point

sure, you may be able to expand your share by under-cutting on price, for some period of time

but once you run off your competitors

you are then free to raise your prices without worry that customers will flee to a competitor

and you can leverage your dominant position to buy-up any new up-starts and or erect complicated legal barriers to block them from your private playground


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