It only works in competition which we don’t have for the most part.
Instead we have the illusion of choice through multiple brand product names. There’s a couple choices, sure, but few enough to function as an effective monopoly.
After nearly three years of price increases, signs that buyers have had enough are starting to mount. On Thursday, the food and beverage giant PepsiCo reported a 0.5 percent decline in revenues in the second quarter in its Frito-Lay snack business from year-ago levels, a result of a 4 percent drop in volumes in the category.
I think maybe we voted with our wallets against $6 chips but you could probably convince me otherwise in a paragraph :)
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It only works in competition which we don’t have for the most part.
Instead we have the illusion of choice through multiple brand product names. There’s a couple choices, sure, but few enough to function as an effective monopoly.
I notice OP said
And you agreed with him, but I’d like to point out you’re talking about one country
Monopolies are really really bad for consumers and are strictly regulated in modern countries
I think the best motive now is to stop paying altogether.
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I think maybe we voted with our wallets against $6 chips but you could probably convince me otherwise in a paragraph :)
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