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Re:America is stuck at home, but food-delivery companies sti... by WalterBright on Wednesday May 13, 2020 @04:03PM (#23171187)
There are 3 prices you can set:

1. above the competition - gouging, profiteering

2. below the competition - predatory pricing, unfair competition, dumping

3. same as the competition - price fixing, collusion

All are illegal!

Re:America is stuck at home, but food-delivery companies sti... by compiler-guy on Wednesday May 13, 2020 @04:58PM (#23171761)
All of those price points in the first column are _necessary_ for the legal consequences in the second column, but not sufficient by any stretch.
Re:America is stuck at home, but food-delivery companies sti... by gbear605 on Wednesday May 13, 2020 @04:30PM (#23171492)
Alternatively, set your prices based on the actual supply and demand and your costs, not by trying to manipulate the market :)
Re:America is stuck at home, but food-delivery companies sti... by fosk on Wednesday May 13, 2020 @04:49PM (#23171675)
But why? Just let the market do its thing:

- if a market player wants to sell goods or services at a loss, let them do it and it benefits the consumer

- if the competition goes out of business and the prices are raised, somebody else will see the opportunity to enter the market at a lower cost.

Rinse and repeat. The consumers benefit from it either way.

Re:America is stuck at home, but food-delivery companies sti... by gbear605 on Thursday May 14, 2020 @10:24AM (#23179895)
In one option, there’s high turnover (bad for customers, employees, and restaurants) leading to restaurants not signing up with future food delivery companies due to being burned in the past. In the other option, there’s a heathy competition leading to customers paying realistic prices (an undistorted market) and giving delivery workers and restaurants more stability.
Re:America is stuck at home, but food-delivery companies sti... by rileymat2 on Wednesday May 13, 2020 @07:09PM (#23172941)
That implies memory of past events would not affect people willing to take the new opportunity.
Re:America is stuck at home, but food-delivery companies sti... by amelius on Thursday May 14, 2020 @02:56PM (#23183794)
This isn't about pricing relative to the competition, but relative to the cost of production.