This is disgusting. Taking advantage of the consumer, merrily exerting pricing power and aiming to reduce choice in a market just sucks. “An oligopolistic market structure can turn a cut-throat commodity industry into a highly profitable one. Oligopolistic markets are powerful because they simultaneously satisfy multiple critical components of sustainable competitive advantage—a smaller set of relevant peers faces lower competitive intensity, greater stickiness and pricing power with customers due to reduced choice, scale cost benefits including stronger leverage over suppliers, and higher barriers to new entrants all at once.”
Posted on: Sat, 15 Feb 2014 11:15:30 +0000
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