Quote:
Originally Posted by Chrysalis
but who do people choose when they all raising prices cartel style?
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They are just re-selling something that somebody else is producing. If the cost of that product is increased by their supplier for all of them, then they
all have no choice but to raise prices to consumers. It's just a matter of which company is forced to jump in first with the price increase. Consumers therefore switch supplier, then that supplier is forced to increase prices and so it goes on. So doesn't it make sense that as they all are
forced to increase prices, that they all do it together. No pointless switching of supplier with all the inherent actual and potential costs and problems for both supplier
and customer.
If you want to talk about cartels, what about 'Fairtrade' and 'Organic'. Prices are artificially inflated and controlled by an organisation.