▲ 73 ▼ Global smartphone shipments record worst third quarter in 14 years amid memory shortage (www.reuters.com) submitted 19 hours ago by return2ozma@lemmy.world to c/technology@lemmy.world 17 comments fedilink hide all child comments
[–] Zedstrian@sopuli.xyz 3 points 18 hours ago (2 children) Less competition would mean higher prices. permalink fedilink source parent hideshow 2 child comments replies: [–] username_1@discuss.tchncs.de 1 point 18 hours ago (1 child) Models, not factories. I don't care what factory would produce them. Plus the concept of "competition and price" is an abstract thing from economics textbooks. You know, like "communism" or those kids buying a crazy numbers of watermelons. In the real world "competitors" would form cartel and regulate prices as they wish. And please, don't counterargument with a reference to something that happened in '53. That is no more relevant than late Roman economics from II century CE :) permalink fedilink source parent hideshow 1 child comment replies: [–] Zedstrian@sopuli.xyz 0 points 18 hours ago The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened. permalink fedilink source parent
[–] username_1@discuss.tchncs.de 1 point 18 hours ago (1 child) Models, not factories. I don't care what factory would produce them. Plus the concept of "competition and price" is an abstract thing from economics textbooks. You know, like "communism" or those kids buying a crazy numbers of watermelons. In the real world "competitors" would form cartel and regulate prices as they wish. And please, don't counterargument with a reference to something that happened in '53. That is no more relevant than late Roman economics from II century CE :) permalink fedilink source parent hideshow 1 child comment replies: [–] Zedstrian@sopuli.xyz 0 points 18 hours ago The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened. permalink fedilink source parent
[–] Zedstrian@sopuli.xyz 0 points 18 hours ago The less competition there is in a market, the less incentive companies have to reduce their profit margins to gain market share. Antitrust legislation is typically used to ban cartels, but with so few market participants, the need to collaborate in fixing prices is lessened. permalink fedilink source parent