Comment by jonplackett
2 years ago
You don’t need collusion to make it work. They just all have the same idea. Charge more and see if people still buy it. They do? Charge a bit more.
2 years ago
You don’t need collusion to make it work. They just all have the same idea. Charge more and see if people still buy it. They do? Charge a bit more.
Which is already what happens pre-covid. There's zero change in corporate pricing strategy - the cost increases are all due to monetary policies interacting with the covid shocks (that is still reverberating).