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re: You make my point
Posted by: ryhog 04:36 pm EDT 10/16/21
In reply to: You make my point - waterfall 03:33 pm EDT 10/16/21

correct. There are always irrational actors, and their stores are empty while others collect (less) rent. This is why we don't like monopolies. The focus is on the market, not individual actors in that market. If revenues (overall) go down, non-monopoly prices will go down. If one actor won't, another will fill the vacuum. This is really pretty elementary stuff. You can't squeeze blood out of a turnip.
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