this post was submitted on 10 Dec 2023
2 points (51.8% liked)

Ask Lemmy

27073 readers
3600 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try [email protected]


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 11 months ago (2 children)

My point is that is isn’t any better or worse when there isn’t competition.

You’re still a captive market being charged the highest costs possible.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (1 children)

The "highest cost possible" is higher in a monopoly than a duopoly.

[–] [email protected] 0 points 11 months ago (1 children)

No, it's at the consumers wallet.

[–] [email protected] 2 points 11 months ago (1 children)
[–] [email protected] 1 points 11 months ago (1 children)

The highest cost is hard set by what the consumer is able to spend.

They cannot go higher.

[–] [email protected] 1 points 11 months ago (1 children)

if that's how you want to define "highest cost", then goods absolutely aren't priced at highest cost in a duopoly

they aren't even priced at highest cost in a monopoly, because "all the money a person has" is just cartoon logic

[–] [email protected] 1 points 11 months ago (1 children)

Markets have a carrying capacity.

You cannot exceed this, it’s not a cartoonish “all the money you have”

[–] [email protected] 1 points 11 months ago (1 children)

So "highest cost" isn't set by "what the consumer is able to spend"? So what's it set by?

[–] [email protected] 1 points 11 months ago (1 children)

Are you like an idiot or something? I’m genuinely asking because I don’t know how many times I can keep saying the same basic thing to you.

It’s set by the maximum market rate, that being the highest price before it’s too expensive and loss of sales cuts into revenue.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

And "the highest price before it’s too expensive and loss of sales cuts into revenue" is higher in a monopoly than a duopoly. Meaning the "highest cost" is higher in a monopoly than a duopoly.

As an addendum, you haven't really mentioned anything past a vague idea of "maximum cost" until now, so I'm not really sure what you mean about repeating yourself. Are you okay, friend?

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

So private telecoms frantically lowering their prices when a public-funded internet company launches is just a coincidence?