Jon Steinman wrote:Brandeis feared a future of disproportionately powerful retailers driving prices to rock bottom and leaving manufacturers little choice but to lower the quality of their products to remain viable. While some might call a “lowest cost” culture “fierce competition,” others like Brandeis saw it as the end of competition.
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Dave Burton wrote:
Essentially, what I think they were trying to prevent is the ability of large enough stores to out price their competitors whom cannot afford to sell at lower prices.
"Study books and observe nature; if they do not agree, throw away the books." ~ William A. Albrecht
And now on-line shopping is taking this one step further, and I expect the same thing will happen - once they've captured enough market share, the prices will go back up.My perception is that once the national corporation undercut the competition, running most of them out of business, can now charge more, even price gouging, reaping massive profits.
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Sometimes the answer is nothing
James Freyr wrote: I've noticed that after the small competition was extinguished, prices slowly started to rise.
My perception is that once the national corporation undercut the competition, running most of them out of business, can now charge more, even price gouging, reaping massive profits.
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