|
|
|
|
|
by Barrin92
1094 days ago
|
|
Because the basic economic argument against this theory is pretty sound. Companies can't arbitrarily raise prices because market competition drives profits down. It's why highly competitive industries like the restaurant sector aren't profitable, everyone competes for the same consumers, and the lowest cost provider will win. Inflation doesn't actually change anything about this so if companies can just collude and make up prices the question is why did they only start doing it three years ago |
|
The article suggests this is false