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A comment on IMF: Largest driver of EU inflation is corporate profits. Parent comment

Re:IMF: Largest driver of EU inflation is corporate profits by dauertewigkeit on Monday June 26, 2023 @02:32PM (#36483772)
Because people expect that in a functioning competitive market, simpily raising prices won't work because your competitors would out bid you.
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Re:IMF: Largest driver of EU inflation is corporate profits by zozbot234 on Monday June 26, 2023 @02:45PM (#36483973)
That really isn't how it works. Most real-world competition by far happens in a context of product differentiation where suppliers are only imperfect substitutes for each other's products. So you can raise prices and not be "outbid" in such a way anytime soon. Your market share would only suffer gradually over time if you kept your prices higher than the market.
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