Quote:
Originally Posted by AndyC
Businesses with substantial competition will need to pass on the additional cost or get out of business. It is unlikely that an industry with substantial competition will be competing with companies who are not also greatly affected by increased costs. So the result will be decreased supply from companies leaving the business and/or price hikes to consumers by the remaining companies.
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I am pretty sure raising prices because you are becoming the only game in town would be considered immoral as far as the Biden administration is concerned and they will call those business owners greedy.
I wonder how many business owners and managers give a crap what the Biden administration thinks?
