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re: First Buc-ee's outside Texas getting sued for low gas prices
Posted on 2/6/19 at 10:27 am to tigerinthebueche
Posted on 2/6/19 at 10:27 am to tigerinthebueche
quote:
Except that doesn’t happen. A new business or entrepreneur will pop up to challenge the incumbent. This fear mongering over the loss of competition is a red herring at best. There will always be an alternative or challenger to the status quo
Oh yeah, well I'll let Cox know that they need to lower my internet bill because a competitor is going to show up any day now. Nevermind them having me by the balls for 6 years.
Your premise is correct on the macro level. But it does not hold up when applied regionally, within limited borders. No one is going to care if CirkleK and Buc-ee's have the same market share in the southeast U.S. if Buc-ee's prevents local competition. And why would new competitors spring up to battle a giant when they can build in easier locations?
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