Monday, August 10, 2020

The Cat-and-Mouse Game of Predatory Pricing

So a woman walks into a store to buy a smart speaker. She sees that the speakers are selling for 20 bucks. “Wow,” she exclaims, and asks the store owner, “How can you sell these for such a low price?” The store owner responds, “Well, actually, each speaker costs us 30 bucks.” The woman says, “Then how do you make a profit?” The owner responds, “We make up for it on volume.” The woman says, “That's illegal!”


from
https://www.soundandvision.com/content/cat-and-mouse-game-predatory-pricing

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