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To: ShadowAce
"How many people actually believe that a corporation, once it has gotten people used to paying a certain price for an item, will actually lower their prices? The reality is that they will just pocket more money."

Yes exactly because corporations pay no attention to market forces whatsoever.

Geesh, do you have any clue at all how a price for a good is derived?

370 posted on 06/10/2005 6:16:02 PM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: Mad Dawgg
Geesh, do you have any clue at all how a price for a good is derived?

The simplest and best description is "What the market will bear". This sounds closer to ShadowAce's clue than yours. His view is also consistent with what happened in Europe when the switch from local currency to the Euro occurred -- businesses used it as cover for large price increases in Germany, Italy, and Greece which did NOT go away.

374 posted on 06/10/2005 6:33:07 PM PDT by expatpat
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