this post was submitted on 10 Aug 2023
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Lemmy Shitpost

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Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!


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Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

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[โ€“] krakenx@lemmy.world 1 points 1 year ago (1 children)

Company A raises prices and reports record quarterly profits. Company B is aware of this because both the price raising and quarterly profit report for Company A are public. Company B raises prices too so that they can get also get more profit. Company C either does the same thing, or there is no company C because rubber stamped mergers and acquisitions for decades have allowed a handful of companies to dominate every industry, sometimes multiple industries.

None of this is a conspiracy. It's Econ 101 level "how things work."

[โ€“] dx1@lemmy.world 1 points 1 year ago

Econ 101 covers supply/demand curve, i.e., how markets create prices as an equilbrium between consumer/producer, and how a company arbitrarily spiking prices will cause them to lose market share because their customers don't want to pay more for the same thing.