View: Our problem is not predatory pricing but the predatory state
The typical narrative around predatory pricing is: A big company comes into a market and lowers prices. Sometimes it even willingly incurs losses. This drives competitors out of the market, as they can’t match those low prices. Local jobs are lost. Having thus secured a monopoly, the big company raises prices. Consumers suffer. Lost jobs remain lost.from Industry-Economic Times https://ift.tt/2R6sR7r
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