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Old 08-08-2022, 05:00 PM   #45
JustRalph
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Join Date: Mar 2002
Location: Now in Houston
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Quote:
Originally Posted by AndyC View Post
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.
Which narrows their customer base
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