The Soapbox

Seattle .Hoo

Joined: 08/13/1998 Posts: 57289
Likes: 76625


Neither monopolies nor oligopolies charge the highest price possible, they


just price above what would be competitive market rates and they sometimes collude to do so. It's obvious why gasoline was lower 2 years ago and why it's higher now, though. That's a different phenomenon. (It was NEVER $2/gal where I live anyway!)

Structurally, the lack of competition in some industries makes prices more "sticky" and makes them more vulnerable to supply chain disruptions.

(In response to this post by BocaHoo91)

Posted: 03/26/2022 at 4:46PM



+0

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Decent speech by Biden in Poland. ** -- hooshouse 03/26/2022 1:51PM
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