If company A’s prices are much cheaper than company B’S it may drive people to buy something they may not have, just because of the deal they are getting. References :
In the energy sector, if there were more competition on the supply side, if everything wasn’t weighted to coal/oil/nuke and if the other players …solar, wind, geothermal, tidal had a shot, it would make for a more efficient and durable model for energy.
But thinking that way would mean having an energy policy… not just eternal fealty to oil/gas/nuke. References :
February 15th, 2010 at 5:11 pm
More competition, the more the consumers benefit and buisness have to do there best. Thats why capitalism suceeds.
References :
February 15th, 2010 at 5:56 pm
If company A’s prices are much cheaper than company B’S it may drive people to buy something they may not have, just because of the deal they are getting.
References :
February 15th, 2010 at 6:20 pm
hmmm….haven’t taken economics in a while…
but if competition increases, this will drive prices down while at the same time giving the consumer more of a choice.
since prices are now lower, consumers will purchase more product. eventually this will stabilize the price.
References :
February 15th, 2010 at 6:41 pm
In the energy sector, if there were more competition on the supply side, if everything wasn’t weighted to coal/oil/nuke and if the other players …solar, wind, geothermal, tidal had a shot, it would make for a more efficient and durable model for energy.
But thinking that way would mean having an energy policy… not just eternal fealty to oil/gas/nuke.
References :