@[email protected] to [email protected] • 1 month agoGrowing food bank lines are a sign that society has lost its way, a Groceries and Essentials Benefit would help the most vulnerable citizenswww.thestar.comexternal-linkmessage-square47fedilinkarrow-up1206arrow-down12file-textcross-posted to: [email protected]
arrow-up1204arrow-down1external-linkGrowing food bank lines are a sign that society has lost its way, a Groceries and Essentials Benefit would help the most vulnerable citizenswww.thestar.com@[email protected] to [email protected] • 1 month agomessage-square47fedilinkfile-textcross-posted to: [email protected]
minus-square@Murdoclink5•1 month agoLowering prices is only one possible outcome of competition though. So is lower product quality, and laying off workers. In general, cutting costs.
minus-square@[email protected]linkfedilink2•edit-21 month agoDoesn’t that suggest they’d get more market share by having worse quality, somehow? Companies do all those things, and not always for good reason, but let’s get our econ 101 ducks in a row a bit. I don’t think it’s because of competition for buyers.
Lowering prices is only one possible outcome of competition though. So is lower product quality, and laying off workers. In general, cutting costs.
Doesn’t that suggest they’d get more market share by having worse quality, somehow?
Companies do all those things, and not always for good reason, but let’s get our econ 101 ducks in a row a bit. I don’t think it’s because of competition for buyers.