this post was submitted on 10 Dec 2023
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[–] Deceptichum@kbin.social 0 points 11 months ago (1 children)

It’ll be exactly the same as it was before than, the maximum people could pay before it affected sales.

[–] Primarily0617@kbin.social 1 points 11 months ago (1 children)

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

[–] Deceptichum@kbin.social 2 points 11 months ago (1 children)

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

[–] Primarily0617@kbin.social 0 points 11 months ago* (last edited 11 months ago) (1 children)

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

??????

[–] Deceptichum@kbin.social 1 points 11 months ago (1 children)

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 11 months ago (1 children)

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

[–] Deceptichum@kbin.social 1 points 11 months ago (2 children)

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 11 months ago* (last edited 11 months ago) (1 children)

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

[–] Deceptichum@kbin.social 0 points 11 months ago (1 children)

No, it's at the consumers wallet.

[–] Primarily0617@kbin.social 2 points 11 months ago (1 children)
[–] Deceptichum@kbin.social 1 points 11 months ago (1 children)

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

They cannot go higher.

[–] Primarily0617@kbin.social 1 points 11 months ago (1 children)

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 11 months ago (1 children)

Markets have a carrying capacity.

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

[–] Primarily0617@kbin.social 1 points 11 months ago (1 children)

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 11 months ago (1 children)

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 11 months ago* (last edited 11 months 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 11 months ago* (last edited 11 months ago)

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