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Message
re: Based Jeff Bezos cutting prices at Whole Paycheck
Posted on 8/24/17 at 2:06 pm to boosiebadazz
Posted on 8/24/17 at 2:06 pm to boosiebadazz
quote:ECON 101 says firms in competitive markets cannot lower prices below the equilibrium price.
Why does everyone all of a sudden hate Econ 101 when it's that dirty cuck Jeff Bezos using it to his advantage?
2
Posted on 8/24/17 at 2:11 pm to HailHailtoMichigan!
They can to gain market share if they have other sources of income to stay solvent. That may be Econ 102, but I'm legitimately confused by the frustration here. This is a capitalist wet dream!
This post was edited on 8/24/17 at 2:11 pm
Posted on 8/24/17 at 4:40 pm to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Premium grocers aren't really a perfectly competitive market. "Experience" grocers - like Whole Foods - definitely aren't a perfectly competitive market.
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