|
|
|
|
|
by CuriousCosmic
873 days ago
|
|
> If you provide a service that is cheap you are "predatory", if you provide a service that is very expensive you are "price gauging" and if you are average your are "colluding". If you unsustainably provide a service for less than it costs you to undercut competition then yes it is predatory. If you coordinate a standard price with your competitors then yes that's collusion. If you overprice your service or good to extract a massive margin now that there's no competition (or the competition is also doing the same thing) or the consumer otherwise has no other choice then yes of course that's price gouging. These really aren't that complicated of concepts. |
|