@lautan@lemmy.ca to Canada@lemmy.ca • 2 months 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-square47fedilinkarrow-up1213arrow-down12file-text
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.com@lautan@lemmy.ca to Canada@lemmy.ca • 2 months agomessage-square47fedilinkfile-text
minus-square@CanadaPlus@lemmy.sdf.orglinkfedilink5•2 months agoI mean, if we had actual competition they’d be forced to pull their prices right back down again competing with each other.
minus-square@Murdoc@sh.itjust.workslinkfedilink5•2 months agoLowering prices is only one possible outcome of competition though. So is lower product quality, and laying off workers. In general, cutting costs.
minus-square@CanadaPlus@lemmy.sdf.orglinkfedilink2•edit-21 month 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.