• lad@programming.dev
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    9 months ago

    In this example this new company would probably sell fridges at a whooping discount of some 5% and still be able to sell more although the price is 1990% of the original

    • throwwyacc@lemmy.world
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      9 months ago

      The point being that if company A cuts their price to compete, and company B has an artificially inflated price

      Now we have company B with no sales, and are forced to match or beat their competitor

      Repeat until the price is fair. This breaks if both companies are co-ordinating with each other and forcing all other competition in line. But that’s a crime and would be regulated