To: steve8714
It is called competition. It wouldn’t go away on day one. But if 10 companies sell a widget and all of a sudden, their cost goes down 20%, one or more of those companies will try to undercut the others until the price point is driven down by the amount roughly equal to the drop in costs. There are real world examples of this having happened. Buy the “Fair Tax Book”.
304 posted on
02/17/2008 2:20:40 AM PST by
NavVet
( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
To: NavVet
That’s called lemmings following each other over a cliff - not even close to “competition”...
327 posted on
02/17/2008 5:50:31 AM PST by
xcamel
(Two-hand-voting now in play - One on lever, other holding nose.)
To: NavVet
What if only one company sells a diabetes drug?
348 posted on
02/17/2008 7:14:18 AM PST by
steve8714
(Loyalty has an expiration date and is not transferable.)
To: NavVet
But if 10 companies sell a widget and all of a sudden, their cost goes down 20%, one or more of those companies will try to undercut the others until the price point is driven down by the amount roughly equal to the drop in costs. And companies will be able to lower their prices because...?
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