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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
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