Ok. You agree or disagree?You literally said in the the post I quoted "competition is supposed to keep them from seeing record profits."
no.Competition exists to give companies opportunities to maximize profit.
Yes.Companies are competing with each other to win more customers.
yes.And it's not just prices that drive that competition.
yes. But please explain what "better mousetrap" explains $7 Captain Crunch.If you build the perfect mousetrap, you reap the free market rewards until someone else comes along and builds a better and/or cheaper mousetrap. And the cycle continues.
Yes, but they have not been enforced for decades (until very recently)! This is the point! Congrats, you finally found it!There also are federal laws in place to encourage competition and prevent monopolies;
For example, in bygones past a merger would be blocked if it resulted in a company having more than 5% market share. In past decades mergers resulting in 75% market share have been allowed.
Next, figure out WHY they've not been enforced.
Lol.there are also federal laws that protect against price fixing among competitors.
#youvegotalottolearn#themoreyouknow