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[-] Primarily0617@kbin.social 1 points 1 year ago

Yes I'm sure the prices will be the same after there's absolutely no competition at all.

[-] Deceptichum@kbin.social 2 points 1 year ago

There was no competition before, which is why it would be “the same as it was before”.

[-] Primarily0617@kbin.social 0 points 1 year ago* (last edited 1 year ago)

beats out the brick and mortar store**s**

??????

[-] Deceptichum@kbin.social 1 points 1 year ago

Pretty much everything was a duopoly and as the market was so small they just grew to mutually exist without need to compete.

Shit most of them are all owned by the same parent companies now.

[-] Primarily0617@kbin.social 2 points 1 year ago

My point being that while a duopoly may seem like a worst case scenario, it very much isn't.

[-] Deceptichum@kbin.social 1 points 1 year ago

My point is that is isn’t any better or worse when there isn’t competition.

You’re still a captive market being charged the highest costs possible.

[-] Primarily0617@kbin.social 2 points 1 year ago* (last edited 1 year ago)

The "highest cost possible" is higher in a monopoly than a duopoly.

[-] Deceptichum@kbin.social 0 points 1 year ago

No, it's at the consumers wallet.

[-] Primarily0617@kbin.social 2 points 1 year ago
[-] Deceptichum@kbin.social 1 points 1 year ago

The highest cost is hard set by what the consumer is able to spend.

They cannot go higher.

[-] Primarily0617@kbin.social 1 points 1 year ago

if that's how you want to define "highest cost", then goods absolutely aren't priced at highest cost in a duopoly

they aren't even priced at highest cost in a monopoly, because "all the money a person has" is just cartoon logic

[-] Deceptichum@kbin.social 1 points 1 year ago

Markets have a carrying capacity.

You cannot exceed this, it’s not a cartoonish “all the money you have”

[-] Primarily0617@kbin.social 1 points 1 year ago

So "highest cost" isn't set by "what the consumer is able to spend"? So what's it set by?

[-] Deceptichum@kbin.social 1 points 1 year ago

Are you like an idiot or something? I’m genuinely asking because I don’t know how many times I can keep saying the same basic thing to you.

It’s set by the maximum market rate, that being the highest price before it’s too expensive and loss of sales cuts into revenue.

[-] Primarily0617@kbin.social 1 points 1 year ago* (last edited 1 year ago)

And "the highest price before it’s too expensive and loss of sales cuts into revenue" is higher in a monopoly than a duopoly. Meaning the "highest cost" is higher in a monopoly than a duopoly.

As an addendum, you haven't really mentioned anything past a vague idea of "maximum cost" until now, so I'm not really sure what you mean about repeating yourself. Are you okay, friend?

[-] Hello_there@kbin.social 1 points 1 year ago* (last edited 1 year ago)

So private telecoms frantically lowering their prices when a public-funded internet company launches is just a coincidence?

this post was submitted on 10 Dec 2023
2 points (51.8% liked)

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